1. Suppose you will receive $50 each week for 8 years. How much is this...
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Accounting
1. Suppose you will receive $50 each week for 8 years. How much is this worth to you today if your discount rate is 9%? Round to the nearest dollar
2. You'd like to save $2 million. How much should you save each year for the next 20 years in order to reach this goal? Assume your savings will earn a 5% annual return. Round to the nearest dollar.
3. Suppose you have $30,000 in a savings account earning 2.4%. You would like to make equal monthly withdrawals from this account for the next 6 years to sustain your living expenses in college. What's the most you can withdraw? Round to the nearest dollar.
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