sful (B Time Value of Money Part 2 MrMiddle Tennessee State Uni Logout Successful Unit...
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sful (B Time Value of Money Part 2 MrMiddle Tennessee State Uni Logout Successful Unit 2 Homework - 3 at X e/content/7564070/viewContent/59373147/View Question 11 (0.2 points) Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $3,000,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 5% annually. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal? Your Answer: Answer D View hint for Question 11 Question 12 (0.2 points) Lauren knows she can afford to make monthly payments of $600 for 60 months. How much will the bank lend her today on a 3% APR car loan in exchange for her
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