Question
1.If you want to have $5,362 in 33 months, how much money must you put in a savings account today? Assume that the savings account
1.If you want to have $5,362 in 33 months, how much money must you put in a savings account today? Assume that the savings account pays 11% and it is compounded monthly. Round to two decimal places.
2.If Samuel deposits $11,040 into a bank account that pays 5.91% interest compounded quarterly, what will the account balance be in 9 years? Round to two decimal points.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
