Question
a.) Amy wants to receive $6,500 per month for the next 5 years. How much would she needs to deposit today if she can earn
a.) Amy wants to receive $6,500 per month for the next 5 years. How much would she needs to deposit today if she can earn 1.00% per month? [Note: N = 5x12]
(input a positive number and round it off to an integer)
b.) what monthly rate would Amy need to earn if she has $330,000 to deposit today? [Note: PMY and N do not change.]
Group of answer choices
0.673
0.786
0.461
0.565
0.904
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
4th Edition
9780132138079
