Question
Please show the steps to solve this if possible with TMV solver. NOT EXCEL If Alfred invests $3,340.00 in 2 years in an account that
Please show the steps to solve this if possible with TMV solver. NOT EXCEL
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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)
Selected Answer: [None Given]
Correct Answer: 7,345.59
Answer range +/- 14.69118 (7330.89882 - 7360.28118 )
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Question 2
0 out of 10 points
If Jamie invested $5,540.00 today in an account that is expected to earn 7.53 percent per year, and he expects to make another investment in the same account in 3 years, then how much money does Jamie expect to invest in 3 years if he expects to have $14,600.00 in his account in 6 years?(Round the value to decimal places and enter the positive value)
Selected Answer: [None Given]
Correct Answer: 4,854.5
Answer range +/- 9.709 (4844.791 - 4864.209
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