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20. Today is your 21 st birthday and your bank account balance is $15,000. Your account is earning 4.5% interest compounded semiannually. How much will
20. Today is your 21 st birthday and your bank account balance is $15,000. Your account is earning 4.5% interest compounded semiannually. How much will be in the account on your 50th birthday?* (2 Points) $58,429 $55,984 $53,761 $54,521 21. Tesla Corp. has a permanents funding requirement of $150,000 in operating assets and seasonal funding requirements that vary between $0 and $700,000 and average of $200,000. If Tesla can borrow short term funds at 6%, and long term funds at 8%, and it can earn 5% on the investment of surplus balances, the cost of long term financing of the conservative strategy is: * (1 Point) $28,000 $45,000
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