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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
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 Question 13 (8 points) 4) Listen Assume Bill Jones invested $4,790.55 into an account exactly one year ago. The account has an interest rate of 9.0 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84). Your Answer: Answer
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