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Q1) Suppose you invest $20,958 today in an account that earns 02.00% interest annually. How much money will be in your account 19 years from
Q1) Suppose you invest $20,958 today in an account that earns 02.00% interest annually. How much money will be in your account 19 years from today? |
Q2) What is the value today, of single payment of $6,189 made 12 years from today, if the value is discounted at a rate of 14.00%? |
Q3) How many years would it take an investment of $264 to grow to $2,845 at an annual rate of return of 08.00%? |
Q4) How much money would you need to deposit today at 05.00% annual interest compounded monthly to have $13,601 in the account after 5 years? |
Q5) If you deposit $562 into an account paying 06.00% annual interest compounded quarterly, how many years until there is $57,321 in the account? |
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