ACC-650 TOPIC 6 Assignment

Question 1 of 12

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Click here to view the factor table. (a) Calculate how much money Lisa must put into her savings account today to have $29,700 in 4 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 0 decimal place, e.g. 58,975.)

Amount

$

(b) Calculate how much money Lisa must put into her savings account today to have $29,700 in 4 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 0 decimal place, e.g. 58,975.)

Amount

$