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ONLY NEED THE ANSWERS An investment company pays 8% compounded semiannually. You want to have $13,000 in the future. (A) How much should you deposit
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An investment company pays 8% compounded semiannually. You want to have $13,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? (Round to the nearest cent.) An Individual Retirement Account (IRA) has $25,000 in it, and the owner decides not to add any more money to the account other than interest earned at 4% compounded daily. How much will be in the account 27 years from now when the owner reaches retirement age? There will be $in the account. (Round to the nearest cent. Use a 365-day year.) Find i (the rate per period) and n (the number of periods) for the following annuity Quarterly deposits of $1,100 are made for 7 years into an annuity that pays 6% compounded quarterly (Type an integer or decimal rounded to four decimal places as needed.) n = Find i (the rate per period) and n (the number of periods) for the following annuity Quarterly deposits of $1,100 are made for 7 years into an annuity that pays 6% compounded quarterly (Type an integer or decimal rounded to four decimal places as needed.) n =Step by Step Solution
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