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1. Tanner owns an investment that is expected to pay him 7,720 dollars per quarter forever with the next payment of 7,720 dollars expected in 3 months from today. The investment has an annual return of 10.88 percent. What is the value of the investment?

2. Lena plans to invest 6,200 dollars in 6 year(s) and 8,400 dollars in 5 year(s). She expects to earn 15.56 percent, compounded quarterly. How much money does Lena expect to have in 8 years?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92699773

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