Question
PLEASE ANSWER BOTH QUESTIONS If Alfred invests $3,340.00 in 2 years in an account that is expected to earn 6.38 percent per year, and he
PLEASE ANSWER BOTH QUESTIONS
If Alfred invests $3,340.00 in 2 years in an account that is expected to earn 6.38 percent per year, and he expects to invest $2,470.00 in the same account in 5 years, then how much money will Alfred have in his account in 7 years?(Round the value to decimal places and enter the positive value) 10 points
QUESTION 2 If Leon invested $5,130.00 today in an account that is expected to earn 8.02 percent per year, and he expects to make another investment in the same account in 3 years, then how much money does Leon expect to invest in 3 years if he expects to have $16,000.00 in his account in 7 years?(Round the value to decimal places and enter the positive value)
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