Question: please respond to both QUESTION 1 You would like to have $7,000 in your IRA account in 5 years. You expect to earn a rate
please respond to both
QUESTION 1 You would like to have $7,000 in your IRA account in 5 years. You expect to earn a rate of return of 9.6% APR with monthly compounding on your investments. How much do you need to invest today in order to meet your goal in 5 years? Your final answer must be rounded to the nearest dollar. QUESTION 2 You purchased KLIC Inc. for $50 per share. Over the past five years KLIC Inc, has had returns of 10%, 20% -30%, -5%, and 14%. What is KLIC Inc. current share price? Your final answer must be rounded to the nearest dollar
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