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Author Question: Suppose you inherited $288,000 and invested it at 8.6% per year. How much could you withdraw at the ... (Read 44 times)

xxxxxxxxxxxx

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on: Aug 7, 2023

Question 1

Suppose you have $1,800and plan to purchase a6-year certificate of deposit (CD) that pays8.5% interest, compounded annually. How much will you have when the CD matures?

◦

$2,936.64


◦

$2,870.61


◦

$3,065.14


◦

$3,145.34



Question 2

Suppose you inherited $288,000 and invested it at 8.6% per year. How much could you withdraw at the end of each of the next25years?

◦

$28,375.42


◦

$29,959.08


◦

$30,457.03


◦

$31,029.88

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by xxxxxxxxxxxx on Aug 7, 2023

lola.jashay

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xxxxxxxxxxxx

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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