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How much money will have in twenty-two years

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Reference no: EM132790260

Problem 1: Suppose you invest $28,173 into a mutual fund that is expected to earn a rate of return of 7.04%. How much money will you have in 22 years?

Problem 2: A company wants to give an endowment for a college. They wish to give $23,674.26 in perpetuity. What would be the present value if the interest rate is 7.27%?

Problem 3: A company wants to give a growing endowment for a college. They wish to give $25,881.39 in perpetuity. What would be the present value if the interest rate is 9.78% and they want the endowment to grow by 3.16%?

Reference no: EM132790260

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