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Stovall

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3. What is the value in year 20 of a $1,000 cash flow made in year 8 if interest rates are 15 percent in years 6 through 13 and
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Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450
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12. Your current $155,000 mortgage calls for monthly payments over 25 years at an annual rate interest rate of 6 percent. If you
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