Mary wants to accumulate 45000 in todays dollar terms in, Ask an Expert

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Mary wants to accumulate $45,000 in today's dollar terms in the next 6 years. She expects to earn a return of 6.25% per year and inflation is expected to be 1.75%.

A) How much should be the serial payment in the 1st year so that Mary can achieve the target?

$6713; $6523; $7133; or $6830

B) How much should be the serial payment in the 2nd year so that Mary can achieve the target?

$6637; $7258; $6830; or $6950

C) How much should be the serial payment in the 5th year so that Mary can achieve the target?

$7645; $7196; $7321; or $6991

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91261225

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