Question
Round to 2 decimal places. Q1) Suppose you invest$66,478.00today in an account that earns1.57%interest annually.How much money will be in your account4.0years from today? Q2)
Round to 2 decimal places.
Q1) Suppose you invest$66,478.00today in an account that earns1.57%interest annually.How much money will be in your account4.0years from today?
Q2) What is the value today of single payment of$89,589.00 ,5.0years from today if the value is discounted at a rate of17.93% ?
Q3) How many years would it take an investment of$985.00to grow to$40,846.00at an annual rate of return of21.47% ?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
