Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

N2 Suppose you need to have $56,422.00 in an account 18.00 years from today and that the account pays 12.00%. How much do you have

image text in transcribed
N2 Suppose you need to have $56,422.00 in an account 18.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 4.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not submitted Attempts Remaining: Infinity 93 Suppose you deposit $1,149.00 into an account 7.00 years from today. Exactly 15.00 years from today the account is worth $1,658.00. What was the account's interest rate? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) unanswered not submitted Attempts Remaining: Infinity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Key Financial Market Concepts

Authors: Bob Steiner

2nd Edition

0273750127, 978-0273750123

More Books

Students also viewed these Finance questions

Question

=+what kinds of policies and practices should be developed?

Answered: 1 week ago

Question

=+ Of the HR issues mentioned in the case,

Answered: 1 week ago