# 1. Kurt Chappa is saving for retirement by putting away $6090 every day for six years how...

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## Question:

- 1. Kurt Chappa is saving for retirement by putting away $6090 every day for six years how much is this investment worth at the end of six years if payments begin today assuming interest rate of one percent?
- 2. Terra Brad will receive payments of 16,390 every four months for 13 years. How much is this cash flow worth to them today? Assume a discount rate of 5%?

**Related Book For**

## Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown