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Q4: It will take _(4) years to have a 50% return on your saving account if the interest rate is 2.52%, compounded annually, _(5) years
Q4: It will take _(4) years to have a 50% return on your saving account if the interest rate is 2.52%, compounded annually, _(5) years if the interest rate is 2.48%, compounded monthly and _(6) years if the interest rate is 2.45%, compounded daily. Q5: Suppose you win the Publishers Clearinghouse $10 million sweepstakes. The money is paid in equal annual installments over 25 years. If the appropriate discount rate is 5.25%, how much is the sweepstakes actually worth today? ____(7)______
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