Question
1. Suppose you need to have $56,754.00 in an account 17.00 years from today and that the account pays 11.00%. How much do you have
1. Suppose you need to have $56,754.00 in an account 17.00 years from today and that the account pays 11.00%. How much do you have to deposit into the account 14.00 years from today?
2. Suppose you deposit $1,051.00 into an account 4.00 years from today that earns 10.00%. It will be worth $1,824.00 _____ years from today.
3. Assume the real rate of interest is 4.00% and the inflation rate is 5.00%. What is the value today of receiving 14,360.00 in 8.00 years?
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
