solution
solution.
you deposit $400 each month for the next 8 years into an account earning 2.1% interest. How much will you have at the end? Round to the nearest doilar.
Suppose you will receive $100 each month for the next 5 years. How much is this worth to you today if your discount rate is 7%? Round to the nearest dollar. T
Suppose you have $60,000 in a savings account earning 2%. You would like to make equal quarterly withdrawals from this account for the next 7 years. How much can you withdraw such that you have zero balance left after the last withdrawal?
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