Question
1. A person wants to invest a sum of money in a financial institution today, to withdraw $2,500,000 in two years. What will be the
1. A person wants to invest a sum of money in a financial institution today, to withdraw $2,500,000 in two years. What will be the amount to be deposited if the recognized return is 7% quarterly?
2. Carlos invests L1,000 at an interest rate of 2.5% per month for 12 months, at the end of which he expects to obtain the principal and the interest earned.
How much do you get back at the end of the investment?
3. At the beginning of the months of July and September I intend to save $150,000 and $210,000 respectively and I want to deposit them in a corporation that recognizes me 4% per month. How much money do I have on November 1?
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