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Need 8 & 9! thanks! You are considering making a one-time deposit of $6,739 today, in a bank that offers an interest rate of 4%
Need 8 & 9! thanks! You are considering making a one-time deposit of $6,739 today, in a bank that offers an interest rate of 4% APR. If you leave your money invested for 4 years, how much money will you have at the end of this period? Consider monthly compounding. Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57 Question 9 5 pts After a 1 year investment you receive 5.2% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually 1.7%. How much was inflation during that year? Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('\%'). For example, if your answer is 0.02345, then enter 2.35
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