Question
a. If you deposit$474.00into an account paying19.59%annual interest compounded monthly, how many years until there is$17,579.00in the account? b. What is the value today of
a. If you deposit$474.00into an account paying19.59%annual interest compounded monthly, how many years until there is$17,579.00in the account?
b. What is the value today of receiving a single payment of$8,242.00in26.0years if your required rate of return on this investment is14.05%compounded semi-annually?
c. If you deposit$963.00at5.94%annual interest compounded daily, how much money will be in the account after6.0years?(Assume that there are 364 days in a year and show your answer to the nearest cent)
d. Suppose you deposit$545.00today,$731.00in one year, and$436.00in two years in an account that pays an annual rate of interest of18.01% .How much money will be in the account after three years?
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