Question 11 (8 points) ) Listen Your account pays interest at 3 percent p.a.. You deposit $ 29,383 in it today. You must have exactly $ 86,624 in the account at the end of two years. What should you do at the end of the first year (that is, what dollar amount must you deposit) to ensure this? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Answer Question 12 (8 points) Listen You invest $4,361 in an account today. You make no additional deposits into the account. One year from today there is $ 5,118 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8). Your Answer: Answer

Your account pays interest at 3 percent p.a.. You deposit $29,383 in it today. You must have exactly $86,624 in the account at the end of two years. What should you do at the end of the first year (that is, what dollar amount must you deposit) to ensure this? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85 ). Your Answer: Answer Question 12 ( 8 points) You invest \$4,361 in an account today. You make no additional deposits into the account. One year from today there is $5,118 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945=52.8% as 52.8 ). Your