Question: Please answer this !! 54: You currently have $50,000 available for investment for a 30-year period. At what interest rate APR compounded quarterly must you

Please answer this !!

54: You currently have $50,000 available for investment for a 30-year period. At what interest rate APR compounded quarterly must you invest this amount in order for it to be worth $1,000,000 at maturity?

A. 9.88 %

B.10.06 %

C.10.11 %

D.10.51 %

60: If $10,000 is invested today and $10,000 is invested at the beginning of each of the next five years at 7.5% interest (compounded annually), the amount an investor will have at the end of the fifth year will be closest to:

A). $72,440.

B).$75,563.

C).$76,866. (CIRCLE THE CLOSEST ANSWER)

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