Answer Happy

Question 7 (0.8 points) What is the future value in S) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)? End of year 1 2 3 4 5 6 7 Cash flow $600 801 830 3,500 1,250 4,530 2,350 Your Answer: Answer

Question 9 (0.8 points) You are planning your retirement and you come to the conclusion that you need to have saved $2000000million in 30 years. You can invest into an retirement account that guarantees you a 13% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal? Your Answer: Answer