Question
Q7) If you deposit $214 into an account paying 07.00% annual interest compounded monthly, how many years until there is $45,812 in the account? Q8)
Q7) If you deposit $214 into an account paying 07.00% annual interest compounded monthly, how many years until there is $45,812 in the account?
Q8) What is the value today of receiving a single payment of $74,233 in 5 years if your required rate of return on this investment is 07.00% compounded semi-annually?
Q9) If you deposit $870 at 24.00%annual interest compounded daily, how much money will be in the account after 24 years?(Assume that there are 364 days in a year)
Q10) Suppose you deposit $194 today, $660 in one year, and $615 in two years in an account that pays an annual rate of interest of 04.00%.How much money will be in the account after three years?
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