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Inflation is running 0.1% per quarter when you deposit $5,000 in an account earning 3% compounded continuously. In constant dollars, how much money will you
- Inflation is running 0.1% per quarter when you deposit $5,000 in an account earning 3% compounded continuously. In constant dollars, how much money will you have 6 years from now? Round your answer to the nearest cent and do not include commas or the dollar sign in your response.
- Mae deposits $720 at the end of each month in an account paying 6.25% compounded monthly. Determine the total amount of interest earned after 18 months. Round your answer to the nearest cent and do not include commas or the dollar sign in your response.
- A person deposits $11,000 at the beginning of each year for 15 years in an account paying 6% compounded annually. How much money is in the account after 15 years?Round your answer to the nearest thousand and do not include commas or the dollar sign in your response.
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