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- ACC-650 TOPIC 6 Assignment Question 1 of 12 0/4 E ... X Your answer is incorrect. Helen wants to buy a car when she
- ACC-650 TOPIC 6 Assignment Question 1 of 12 0/4 E ... X Your answer is incorrect. Helen wants to buy a car when she graduates from Central University 5 years from now. She believes that she will need $30,100 to buy the car. Click here to view the factor table. (a) Calculate how much money Helen must put into her savings account today to have $30,100 in 5 years, assuming she can earn 10% compounded annually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,975.) Amount 38,763.14 (b) Calculate how much money Helen must put into her savings account today to have $30,100 in 5 years, assuming she can earn 10% compounded semiannually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,975.) Amount LA 38,530.54 e Textbook and Media
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