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Does this seem correct? You wish to deposit $100.000 into your local bank for one year. Bank A is offering a rate of 120 per
Does this seem correct?
You wish to deposit $100.000 into your local bank for one year. Bank A is offering a rate of 120 per year. Bank B is offering a rate of 10 per month. How much more money will you have after one year if you left your money with Bank B? 682.50 You expect to receive $10.000 at graduation in two years. You plan on investing it at 206 per quarter until you have $15.000. How many years do you have to wait from now? 7.27 At a rate of 100 per year how many years will it take to triple your investment? 11.53 An investment offers to double your money in 6 years. What rate per week are you being offered? .22 You will receive 550.000 next year. When you receive it, you will invest it for 8 years at 100 per month. How much do you have 9 years from today? 129963.65 You can earn 3.50 per year and you need to have $100.000 in 10 years. How much must you deposit next year to reach your goal? 73373.1Step by Step Solution
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