0.55 QUESTION 3 DeMarcus wants to retire with simillion in savings by the time he turns...

Question

Question

Answer 1

Answer #1

Question 3:-

=PMT(rate,nper,pv,fv)

=PMT(11%,60-18,,1000000)

=1390.86

Question 4:-

=FV(rate,nper,pmt,pv)

=FV(8%/2,5*2,,-10000)

=14802.44

Question 5:-

B. A savings account earning 2%, because if he invests in any other options he might not be able to withdraw the money immediately for repairs.

Answer 2

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