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finance coorporation Assume Sheryl Jenkins wants to accumulate $13,470.49 in two years. She currently has $10,259.82 to invest. What interest rate must she earn on
finance coorporation
Assume Sheryl Jenkins wants to accumulate $13,470.49 in two years. She currently has $10,259.82 to invest. What interest rate must she earn on her investment (that is, if she deposits $10,259.82 today) to have $13,470.49 exactly two years from today?(Record your answer as a percent rounded to 1 decimal place; for example, record .527945=52.8% as 52.8). Your Answer: Answer Question 15 ( 8 points) Assume Jed Gerbil invested $10,768 into an account exactly two years ago. The account has an interest rate of 13.3% p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84 ) Step by Step Solution
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