Question
Breezy needs $6,000 In 3 years from today to pay for tuition, If she can earn 20 per year compounded annually on her money, how
Breezy needs $6,000 In 3 years from today to pay for tuition, If she can earn 20 per year compounded annually on her money, how much does she need to invest today? Select one: a. $5653.93 O b. $5823.54 O C. $5910.89 d $6367.25 If a young saver at the age of 25 invested $18,000 into the equity markets today and earned a monthly return of 1%, what amount will have accumulated in the savings plan by age 65 (approximately)?
Select one:
a. $151.71
b. $12,089.76
c. $26,799.56
d. $2,135,659.05
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Get StartedRecommended Textbook for
Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
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