Question: Question 6 (1 point) How much do you need to have invested today in total to have a portfolio that will pay you an annual

Question 6 (1 point)

How much do you need to have invested today in total to have a portfolio that will pay you an annual payment (starting at the end of this year) of $120,000 for 30 years? Your portfolio will earn 4% interest each year and at the end of the 30 years, you will have no money remaining in the portfolio.

Question 8 (1 point)

Starting today, you invest $20 at the beginning of each month into stocks that are expected to earn 12% per year. How much will your investment be worth in 20 years?

Question 9 (1 point)

You are needing to borrow money to buy textbooks. Which of the following options is the best choice?

Question 9 options:

A)	Bank loan with a 19% APR, compounded annually

B)	Credit Card with a 18% APR, compounded monthly

C)	Credit Card with a 18%, APR, compounded daily

D)	Bank loan with 18.5% APR, compounded quarterly

Question 10 (1 point)

You want to have a perpetuity that will pay $10,000 per year forever. You found an investment offering a guaranteed 1.75% per year forever. How much will you need to invest today in order to receive your first perpetuity payment at the end of the year?

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