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You just received $225,000 from an insurance settlement. You have decided to set this money aside and invest it for your retirement. Currently, your goal is to retire 25 years from today. How much more will you have in your account on the day you retire if you can earn an average return of 10.5 percent rather than just 8 percent?
If the investment needs the outlay of $400 today,what compound percentage return would you earn if you made investment.
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You will deposit $600 at the end of each month for next 12 months also $800 each month for the subsequent12 months.
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