Question
1. Suppose you need to have $55,480.00 in an account 18.00 years from today and that the account pays 12.00%. How much do you have
1. Suppose you need to have $55,480.00 in an account 18.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 10.00 years from today? Currency: Round to: 2 decimal places.
2. Suppose you deposit $1,154.00 into an account 7.00 years from today. Exactly 14.00 years from today the account is worth $1,678.00. What was the account's interest rate? Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243))
3. Suppose you deposit $1,026.00 into an account 6.00 years from today that earns 12.00%. It will be worth $1,719.00 _____ years from today. Number: Round to: 2 decimal places.
4. Assume the real rate of interest is 2.00% and the inflation rate is 3.00%. What is the value today of receiving 10,550.00 in 8.00 years? Currency: Round to: 2 decimal places.
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