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Please answer all questions. Camila plans to go for vacation to Australia in 13 years from now. She estimates that she will need $24,253 for
Please answer all questions.
Camila plans to go for vacation to Australia in 13 years from now. She estimates that she will need $24,253 for the trip. How much does she need to place in a saving account today that earns 9.78 percent per year (compounded quarterly) to accumulate this amount? What is the present value of the following annuity? $4,536 every quarter year at the end of the quarter for the next 9 years, discounted back to the present at 15.42 percent per year, compounded quarterly? Round the answer to two decimal places. At what annual rate would the following have to be invested? $8,287, to grow to $32,447, in 35 years. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Camila plans to go for vacation to Australia in 13 years from now. She estimates that she will need $24,253 for the trip. How much does she need to place in a saving account today that earns 9.78 percent per year (compounded quarterly) to accumulate this amount? What is the present value of the following annuity? $4,536 every quarter year at the end of the quarter for the next 9 years, discounted back to the present at 15.42 percent per year, compounded quarterly? Round the answer to two decimal places. At what annual rate would the following have to be invested? $8,287, to grow to $32,447, in 35 years. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)Step by Step Solution
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