Question: 3. - 1 Points) DETAILS MY NOTES PRACTICE ANOTHER Suppose you want to save in order to purchase a new boat. Take the APR to

3. - 1 Points) DETAILS MY NOTES PRACTICE ANOTHER Suppose you want to save in order to purchase a new boat. Take the APR to be 6.0%. If you deposit $100 each month, how much will you have toward the purchase of a boat after three years? (Round your answer to the nearest cent) $ eBook N 4. (-/1 Points] DETAILS MY NOTES PRACTICE ANOTHER You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4600 per month. You have access to an account that pays an APR of 4.8% compounded monthly What size nest egg do you need to achieve the desired monthly yield? (Round your answer to the nearest cent.) eBook

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