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mary is 25 years old and intends to retire at 65. She begins to calculate how much she needs in her pension fund. She bases all her calculations on a 4% annual growth rate. Mary wants to receive a...

Suppose you are going to need \$20,000 in 5 years. If you can get an average of 7.5% APR compounded weekly over that time, how much would you need to deposit now in order to meet your goal? ...

Holly Krech is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payout of \$1100 per month for twenty years. How much money must she deposit...

A financial agreement requires the payment of \$1200 in 9 months, \$1400 in 18 months, and \$1600 in 30 months. When would an alternative single payment of \$4000 have to be made if money is worth 7%...

If Tanisha has ?\$1,000 to invest at 8?% per annum compounded quarterly ?, how long will it be before she has ?\$2,050?? If the compounding is? continuous, how long will it? be?   Compounding...

Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out \$4300 out of his account after 21 months. How...

Ricardo takes out a loan from Enrique. It is agreed that Ricardo will pay back the loan in two payments, \$3154 after 2 years and \$2397 after 6 years. Ricardo decides he wants to renegotiate the payment...

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