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I plan to have $64,000 in 12 1/2 years' time by reserving some of my money today and investing it in an account which pays
I plan to have $64,000 in 12 1/2 years' time by reserving some of my money today and investing it in an account which pays 11.3% per annum compounding monthly. The amount I must put into the account today is The present value, today, of an amount of $48,000 in 3 years time, if the appropriate rate is 15.0% per annum compounding quarterly, is closest to: The present value, today, of an amount of $6.950 due in 6 years time, if the appropriate rate is 6% per annum compounding quarterly, is closest to: Jill invested $5,000 exactly 3 years ago in an account that pays 7.8%p.a interest, compounded quarterly. The balance in the account today, if there were no withdrawals, is Suppose Jack invests $7,000 today at 5% p.a compounding quaterly for the first 2 years, then the interest rate changes to 13%p.a compounding monthly for the next 2 years. What is the value of the investment at the end of the 4 years? (round to the nearest dollar; don't use $ sign or commas) A bond offers a nominal rate of interest is 14.3% per annum. If expected inflation is 3.9% per annum, the real rate of interest per annum, according to the exact Fisher equation, is closest to (in percentage to nearest two decimal places; do not use the percentage sign eg 2.881% is 2.88): You invest $5,000 today and want to accumulate $549 in interest over the next 22 months. What nominal rate of annual interest (compounding monthly) do you need to earn? (expressed as a percentage to two decimal places; don't use the % sign)
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