(Answered) Rate of return of an annuitynbspyou would like to have

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(Rate of return of an annuity) You would like to have $1,000,000 45 years from now, but the most you can afford to invest each year is $1,000. What annual rate of return will you have to earn to reach your goal?

(Monthly loan payment) Best Buy has a flat-screen HDTV on sale for $2,500. If you could borrow that amount from Carl's Credit Union at 12% for 1 year, what would be your monthly loan payments?

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