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Elizabeth deposits $1,100 into an account. For the first two years, money in the account earns 4.9% annual interest that is compounded quarterly. After that,
Elizabeth deposits $1,100 into an account. For the first two years, money in the account earns 4.9% annual interest that is compounded quarterly. After that, the interest rate jumps to 6.9% annual interest, but the interest is still compounded quarterly. How much would be in the account at the end of 4 years? Round the monthly interest rate to 3 decimal places. O $1,100(1.049)P(1.069)2 $1,100(1.012) (1.017)2 O $1,100(1.012)(1.017) O $1,100(1.049)8(1.069)8 You pledge to pay for 20 students' college tuition. The students will leave for college 7 years from now and you estimate that their tuition will cost you $1,800,000. You invest in Dunder Mifflin stock, which you expect to earn 6% annually. You would like to know how much you would need to invest today to be able to fund these students' tuition. What would you need to enter in Excel? O =PV(0.06.7.0.-1800000) O =PV(0.07,6, 0,-1800000) O=FV(0.06, 7.0. - 1800000) O=FV(0.06, 6.-1800000)
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