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finance coorporation You invest $4,564 in an account today. You make no additional deposits into the account. One year from today there is $5,460 in
finance coorporation
You invest $4,564 in an account today. You make no additional deposits into the account. One year from today there is $5,460 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945=52.8% as 52.8). Your Answer: Answer Question 13(8 points) Assume Bill Jones invested $1,692.82 into an account exactly one year ago. The account has an interest rate of 7.3% p.a. How much does Bill have in his account today (that is, exactly one year 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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