Question: Please answer question 5 and 6 and choose the correct option Question5 3 pts How much do you have to save at the end of
Please answer question 5 and 6 and choose the correct option
Question5 3 pts How much do you have to save at the end of every six months to accumulate $800,000 for your retirement in 25 years at 8% rate? 5240.16 O7938.1 32000 3490.11 Question6 3 pts The prize is 20 consecutive annual payments of $30,000 beginning immediately. Jack and Diane decide to wait to spend the money and so they invest all amounts in a bank to earn an interest rate of 3%, which answer comes closest to how much they will have accumulated at the end of year 20? 806,111 851,293 600,000 830,295
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