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4. If, on the maturity date, the combined principal and interest are rolled over into a 100-day term deposit paying 2.50%, what amount will the
4. If, on the maturity date, the combined principal and interest are "rolled over" into a 100-day term deposit paying 2.50%, what amount will the depositor receive when the second term deposit matures?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
What is the Maturity value $
- An agreement stipulates payments of $5500, $4000, and $6500 in two, four, and six months, respectively, from today. What is the highest price an investor will offer today to purchase the agreement if he requires a minimum rate of return of 4.00%?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
- What is the maturity value of $6200 invested at 2% compounded semiannually for nine years?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
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