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Question 4 WRONG 0 out of 10 points Over the next 20 years, Mario invests $500 from every 2 week paycheck into stocks earning 8% per year. He takes an early retirement but does not want to draw on or put his investment at risk, so he rolls that lump sum into AAA rated 10 year bonds purchased at face value that pay 6% annual dividends (he does not reinvest his dividends anywhere he simply holds the cash). After his bonds mature, he puts all his monies into a trust fund which will earn 4% annual interest for as long as there is still money in the account. Beginning in year 31, Mario's family can draw dollars per month forever, based on the funds he has accumulated. Selected Answer: $3295 Response Feedback: Review sections 5.5 and 7.6 Question 5 WRONG 0 out of 5 points The value of i that makes a project worth doing is the Selected Answer: Payback Period Response Feedback: Review Lecture 9

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