Question
PART 2: FINANCE a) Suppose you invest $24,021.00 today in an account that earns 10.44% interest annually. How much money will be in your account
PART 2: FINANCE
a) Suppose you invest $24,021.00 today in an account that earns 10.44% interest annually. How much money will be in your account 18.0 years from today?
b) What is the value today of single payment of $147,409.00, 17.0 years from today if the value is discounted at a rate of 6.33%?
c) How many years would it take an investment of $155.00 to grow to $14,417.00 at an annual rate of return of 28.24%?
d) How much money would you need to deposit today at 23.89% annual interest compounded monthly to have $22,826.00 in the account after 10 years?
e) If you deposit $368.00 into an account paying 6.73% annual interest compounded quarterly, how many years until there is $78,177.00 in the account.
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