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1 pts Question 2 A savings account pays you 1.8% interest every year, compounded annually. How long will it take for a deposit today of
1 pts Question 2 A savings account pays you 1.8% interest every year, compounded annually. How long will it take for a deposit today of $1,000 to grow to $5,000 (to the nearest year)? O 27 years O 45 years 90 years O 108 years 122 years Question 4 1 pts What is the value 4 years from today of a $500 cash payment you will receive 10 years from today? The interest rate is 4% each year. 395.16 422.67 500 601.54 634.70 cannot be determined Question 7 1 pts You owe someone $2,000 today. You are indifferent between repaying this debt today or repaying how much 4 years from now? The relevant interest rate is 6% 1766.43 1584.19 2000.00 2524.95
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