Question
1. Suppose you deposit $1,183.00 into an account 6.00 years from today. Exactly 18.00 years from today the account is worth $1,764.00. What was the
1. Suppose you deposit $1,183.00 into an account 6.00 years from today. Exactly 18.00 years from today the account is worth $1,764.00. What was the account's interest rate?
2. Suppose you deposit $1,068.00 into an account 7.00 years from today that earns 12.00%. It will be worth $1,988.00 _____ years from today.
3. Assume the real rate of interest is 2.00% and the inflation rate is 5.00%. What is the value today of receiving 10,099.00 in 10.00 years?
PLEASE ANSWER ALL QUESTIONS!
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
