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How rruch must you deposit in an account today so that you have a balance of $11,317 at the end of 12 years if interest
How rruch must you deposit in an account today so that you have a balance of $11,317 at the end of 12 years if interest on the account is 10% p.a., but with quarterly compounding? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your Answer: Answer Question 14 (6.66 points) The Milken Company is offering you an investment that promises you $10,000 at the end of 5 years if you invest $7,012 today. What is the annual return on this investment? Compute your answer as a percent rounded to 2 decimal places. Record without a percent sign. For example, record .0848765=8.48765% as 8.49
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