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  3. 2. suppose you need $20,000 in three years to pay

2. Suppose you need $20,000 in three years to pay tuition at MU. If you...

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2. Suppose you need $20,000 in three years to pay tuition at MU. If you can earn 8% on your money, how much do you need to set aside in savings today? A. $33,454 B. $14,998 C. $15,877 D. $15,981 3. Deposit $5000 today in an account paying r. If we will get $10,000 in 10 years, what rate of return are we being offered? A. 9.12% B. 5.67% C. 7.18% D. 10.21% Deposit $3000 today in an account paying 10%. If you will need $8000, how long will you have to wait? 4, A. 11,43 years B. 10.01 years C. 10.29 years D. 12.92 years Rarely Prudent, Inc. has an unfunded pension liability of $225 million that must be paid in 17 years. If the relevant discount rate is 8.5%, what is the present value of this liability? 5. A. $56,218,204 B. $45,613,934 C. $52,391,136 D. $39,034,011

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