Your credit card has a current balance of $2,000. The interest rate is 2% per month. If you will pay off $200 at the end of each month for the next 12 monthर्र what will your balance be a year later? −137 146 −146 137 You are saving for retirement. To live comfortably, you decide that you will need $2.5 million dollars by the time you are 65 . If today, is your 30 th birthday, and you decide, starting from your 31 st birthday and on every birthday up to and including your 65 th birthday, that you will deposit the same amount into your savings account. Assuming the interest rate is 8%, the amount that you must set aside each year on your birthday is closest to: 15,760 14,508 22,435 15,978

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