Question
Sasha owns two investments, A and B, that have a combined total value of 46,900 dollars. Investment A is expected to pay 25,600 dollars in
Sasha owns two investments, A and B, that have a combined total value of 46,900 dollars. Investment A is expected to pay 25,600 dollars in 3 year(s) from today and has an expected return of 12.63 percent per year. Investment B is expected to pay 45,107 dollars in T years from today and has an expected return of 3.68 percent per year. What is T, the number of years from today that investment B is expected to pay 45,107 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).
1 year(s) ago, Mack invested 5,130 dollars. In 2 year(s) from today, he expects to have 7,810 dollars. If Mack expects to earn the same annual return after 2 year(s) from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 5 years from today?
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