Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all 3 if possible! GO You have $36,983 dollars to invest for a long-time, 21 years. You don't like risk, so you are

please answer all 3 if possible!
image text in transcribed
GO You have $36,983 dollars to invest for a long-time, 21 years. You don't like risk, so you are looking at two different products. The first offers 5% simple interest. The second offers only 4%, but compounds annually. How much more money do you have if you select the compounding account? Answer in dollars and cents. D Question 22 1 pts Today is the first day of your retirement. 20 years ago you deposited some money into a fixed annuity paying a guaranteed 5.25%. If today the account is worth $65.674, how much did you put into the account when it was opened? Dollars and cents. Question 23 1 pts What is the present value of $18.128 in year 3 if the money is expected in year 9 if the appropriate discount rate is 0.065

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_2

Step: 3

blur-text-image_3

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

Michael Saylor On Bitcoin The Very First Interviews

Authors: Coinan The Barbarian ,Satoshi Nakamoto

1st Edition

979-8423442019

More Books

Students also viewed these Finance questions