In: Finance
Quantitative Problem 1: You plan to deposit $2,000 per year for 4 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today.
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Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 25 years after you retire and would like to have $75,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 12% annually.
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