Question
HOMEWORK HELP 1). Sasha owns two investments, A and B, that have a combined total value of 43,700 dollars. Investment A is expected to pay
HOMEWORK HELP
1). Sasha owns two investments, A and B, that have a combined total value of 43,700 dollars. Investment A is expected to pay 22,700 dollars in 3 year(s) from today and has an expected return of 5.19 percent per year. Investment B is expected to pay 28,449 dollars in T years from today and has an expected return of 5.24 percent per year. What is T, the number of years from today that investment B is expected to pay 28,449 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00
2). 3 year(s) ago, Mack invested 5,500 dollars. In 2 year(s) from today, he expects to have 8,500 dollars. If Mack expects to earn the same annual return after 2 year(s) from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 6 years from today?
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