Question: Please answer 10 and 11 and show work thanks 0. Now, suppose your uncle would like to have enough money saved to receive a growing

Please answer 10 and 11 and show work thanks
Please answer 10 and 11 and show work thanks 0. Now, suppose

0. Now, suppose your uncle would like to have enough money saved to receive a growing variable) perpetuity for the foreseeable future, growing at a rate of 5% per year, with the first payment of $650,000 occurring exactly one year after his retirement. How much would he need to save in his retirement fund to achieve this goal? (The interest rate is now at 12.5%. a. S13,000,000 b. $81,250 c. $5,200,000 d. $8,666,667 e. $48,750 11. Your aunt is planning to lease a Mercedes Benz E500 luxury car and the dealer's sticker price is $95,000. The lease will be for 30 months only. At the end of 30 months, the car will be worth $48,500. If the implied money factor for this lease is 4.5% APR, what will be the monthly payments on this lease for 30 months? To the nearest dollar. a. $1,824.00 b. $1,484.26 c. $1,535.00 d. $1,494.05 e. None of the above

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