You invest $3,060 at the beginning of every year and your friend invests $3,060 at the...
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You invest $3,060 at the beginning of every year and your friend invests $3,060 at the end of every year. If you both earn an annual rate of return of 6.55%, how much will you have in your account after 32 years? Question 2 1 pts You invest $2,108 at the beginning of every year and your friend invests $2,108 at the end of every year. If you both earn an annual rate of return of 3.19%, how much will your friend have in your account after 30 years? Question 3 2 pts You currently have $1,350 in a retirement savings account that earns an annual return of 11%. You want to retire in 45 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal? You invest $3,060 at the beginning of every year and your friend invests $3,060 at the end of every year. If you both earn an annual rate of return of 6.55%, how much will you have in your account after 32 years? Question 2 1 pts You invest $2,108 at the beginning of every year and your friend invests $2,108 at the end of every year. If you both earn an annual rate of return of 3.19%, how much will your friend have in your account after 30 years? Question 3 2 pts You currently have $1,350 in a retirement savings account that earns an annual return of 11%. You want to retire in 45 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal?
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Question 1 Use the future value of an annuity due formula and the future value of an ordinary annuit... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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