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7 . You have just deposited X dollars in your bank account that pays interest of 9 percent p . a . You discover that

7. You have just deposited X dollars in your bank account that pays interest of 9 percent p.a. You discover that at the end of one year you have $ 17,545 in the account. What was X, that is, the amount of money that you deposited today? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).
8. You want to withdraw $ 34,156 from your account at the end of one year and $ 20,795 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 8 percent p.a.(Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).
9. You deposit $ 7,147 in your account today. You make another deposit at t =1 of $ 6,705. How much will there be in your account at the end of year 1 if the interest rate is 7.9 percent p.a.?(Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).
10. You deposit $ 74,854 in your account today. You make another deposit at t =1 of $ 74,911. How much will there be in your account at the end of year 2 if the interest rate is 18 percent p.a.?(Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).
11.Your account pays interest at 8 percent p.a.. You deposit $ 31,855 in it today. You must have exactly $ 83,875 in the account at the end of two years. What should you do at the end of the first year (that is, what dollar amount must you deposit) to ensure this? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).
12. You invest $ 4,417 in an account today. You make no additional deposits into the account. One year from today there is $ 5,418 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945=52.8% as 52.8).
13. You invest $ 4,417 in an account today. You make no additional deposits into the account. One year from today there is $ 5,418 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945=52.8% as 52.8).
14. Assume Sheryl Jenkins wants to accumulate $ 12,121.12 in two years. She currently has $ 10,860.67 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,860.67 today) to have $ 12,121.12 exactly two years from today?(Record your answer as a percent rounded to 1 decimal place; for example, record .527945=52.8% as 52.8).
15. Assume Jed Gerbil invested $ 14,567 into an account exactly two years ago. The account has an interest rate of 10.9% p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)?(Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).

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