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September 1, 2014

Homework Help: math 2 questions need help

Posted by alisha on Thursday, July 24, 2008 at 8:17pm.

At age 5, how much would you have to save per month to have $1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis.

$213.30
$21.23
$274.60
can't be done with these assumptions.


After 20 years, 100 shares of stock originally purchased for $1000 was sold for $5,000. What was the yield on the investment? Choose the closest answer.
19%
5%
12.7%
8%

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