Question: 1 points Save Answer You want to save up enough money to purchase a new computer, which costs $4,500. You currently have $4,000 in your

 1 points Save Answer You want to save up enough money
to purchase a new computer, which costs $4,500. You currently have $4,000
in your bank account. If you can earn 8% per year by

1 points Save Answer You want to save up enough money to purchase a new computer, which costs $4,500. You currently have $4,000 in your bank account. If you can earn 8% per year by investing this money, how long will it take before you have enough money in your bank account to buy the new computer? years (keep at least two decimal places) points Save Answer A stock is expected to return 10% in a normal economy, 13% if the economy booms, and lose 5% if the economy moves into a recessionary period. Economists predict a 70% chance of a normal economy, a 10% chance of a boom, and a 20% chance of a recession. The expected return on the stock is 96. You borrow $16299 to buy a car. You will have to repay this loan by making equal monthly payments for 7 years. The bank quoted an APR of 12%. How much is your monthly payment (in $ dollars)? $_

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