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Round your answer to the nearest one-hundredth decimal point. For example, write 7.49 for 7.49%. Question 2 a.Suppose you have $20000 to invest. The interest
Round your answer to the nearest one-hundredth decimal point. For example, write 7.49 for 7.49%. Question 2 a.Suppose you have $20000 to invest. The interest rate is 8% compounded weekly. How much can you withdraw your after 20 years? Assume that there are 52 weeks in one year. b.Suppose you have $30000 to invest. The interest rate is 8% compounded continuously. How much can you withdraw your after 20 years? c.What is the present value of $2000 received in 12 years if the interest rate is 9%? d.What is the present value of $21000 received in 14 years if the interest rate is 8% compounded quarterly? e.What is the present value of $5500 received in 10 years if the interest rate is 12% compounded infinitely? f.What is the present value of $5500 received in 10 years if the interest rate is 12% compounded infinitely? g.Suppose you have $9000 to invest. Your goal is to accumulate $20,000 at the end of 12 years. If interest is earned on interest monthly, what interest rate must you earn to achieve your goal
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