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Question 7 (8 points) You have just deposited X dollars in your bank account that pays interest of 9 percent p.a. You discover that at
Question 7 (8 points) You have just deposited X dollars in your bank account that pays interest of 9 percent p.a. You discover that at the end of one year you have $ 8,694 in the account. What was X, that is, the amount of money that you deposited today? (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 Questich 8 (8 points) You want to withdraw $ 29,706 from your account at the end of one year and $ 20,181 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 16 percent p.a. (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
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