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Page 38 of 40 Question 38 (2.5 points) Listen Nico just deposited $23,610 into an account that pays interest of 3.0% p.a. How many years

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Page 38 of 40 Question 38 (2.5 points) Listen Nico just deposited $23,610 into an account that pays interest of 3.0% p.a. How many years will it take the amount of money in Nico's account to triple (i.e., grow to 3 times the amount deposited)? Enter your answer as an integer rounded to 2 decimal places. For example, enter 114.34956 years as 114.35. Your Answer: Answer Previous Page Next Page Page 38 of 40 Question 39 (2.5 points) Listen In an account with an interest rate of 5.0% p.a., but with daily compounding (assume 365 days per year), what is the present value of the following cash flow stream? Year 0 1 2 3 4 Cash Flow $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 5 6 7 8 9 Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13.294 287342 as 13294.29 Your Answer: & 7 5 3 4 6 9 00 U E E E R. T Y

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