Question
Q7)If you deposit $968 into an account paying 10.00% annual interest compounded monthly, how many years until there is $24,144 in the account? Q8) What
Q7)If you deposit $968 into an account paying 10.00% annual interest compounded monthly, how many years until there is $24,144 in the account?
Q8) What is the value today of receiving a single payment of $71,813 in 25 years if your required rate of return on this investment is 04.00% compounded semi-annually?
Q9) If you deposit $443 at 20.00%annual interest compounded daily, how much money will be in the account after 19 years? (Assume that there are 364 days in a year)
Q10) Suppose you deposit $360 today, $342 in one year, and $254 in two years in an account that pays an annual rate of interest of 02.00%. How much money will be in the account after three years?
When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.
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