How much would be willing to pay for the investment today

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Problem 1: Your dad has been depositing $100 a month for 35 years. If the APR is 8% what is the value of account in 35 years? (nearest dollar without dollar sign ($) or comma, e.g. 15000)

Problem 2: An investment will pay $800 at the end of each month for 15 years and a lump sum payment of $100,000 at the end of 15 years. If the rate of return on the investment is 6%, compounded monthly, how much would you be willing to pay for the investment today? (nearest dollar without dollar sign ($) or comma, e.g. 15000)

Reference no: EM133005968

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