Question
Please help with the questions below. Please note for these problems 1 year = 12 months = 52 weeks 360 days 1.How long (in years)
Please help with the questions below.
Please note for these problems "1 year" = 12 months = 52 weeks 360 days
1.How long (in years) will it take money to triple if it is invested at 7.5% compounded continuously?Round answer to nearest tenth of a year
2.What is the annual percentage yield (APY) for money invested at an annual rate of 5.2% compounded daily?
3.Advanced Insurance Company offers a "college education" annuity that pays 7.5% compounded quarterly.What equal quarterly deposit should be made into this annuity in order to have $180,000 for college expenses in 18 years?
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
