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can i get help with this please? If the rate of inthation is 5.8%, what nominal intorest rate is necessary for you to eafn a
can i get help with this please?
If the rate of inthation is 5.8%, what nominal intorest rate is necessary for you to eafn a 3.9% real interest rale on your investment? (Nofe: Be cantul nof to rowd any intemediate steps less than six decimal places.) The nomingt interest rate is 6. (Round to two decimal places.) You have been accepted into college. The college guarantees that your tul ion will not increase for the foor years you atiend college. The first 511.400 tuition payntent is: due in slx months. After that, the same payment is due every six months untl you have made a fotal of eight payments. The college offers a bank account that allowa you to withdraw money every six months and has a foxed APR of 3,8% (with semiannual compounding) guaranteod to remain the same over the next focir years How much money must you deposit today if you intend to make no further deposits and would like to make all the turiton payments from tfis acceunt, leaving the account ompty When the last payment is made? (Note: Be careful not to roiand any intemediate steps less fian six decimal places) The amount of money you must deposit today is 3 . (Round to the neareat ceet.) Step by Step Solution
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