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Please, help me solve these two problems. I got them wrong and had spent a lot of time on them. A student is trying to
Please, help me solve these two problems.
I got them wrong and had spent a lot of time on them.
A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay her $2,052.00 at the end of each month. She will also get a "signing" bonus at the beginning of the internship for $400.00. If the student can invest this money in an account that pays 6.84% APR with monthly compounding, what is the value of her account at the end of her internship? A consulting project will generate revenue of $22,570.00 per quarter for a 3.00 -year period. If the consulting firm wants an 10.76% APR (with quarterly compounding) return on their projects, what is the value of the project to the firm todayStep by Step Solution
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