Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you need to have $56,860.00 in an account 1500 years from today and that the account pays 10.005. How much do you have to

image text in transcribed
image text in transcribed
Suppose you need to have $56,860.00 in an account 1500 years from today and that the account pays 10.005. How much do you have to depost into the acoount 1200 year fiom foday? Answer format: Currency :euma to: 2 decmal paces Suppose you deposit $1.136.00 into an account 5.00 years trom today Exacily 15.00 years from today the account is worth $1,77400 What was the account's interest rate? founded to 5 decimal prices (ex,009243)} Suppose you depose 51,09700 inco an account 5 oo years troin today that earns 11 oos it Will bo worth 51,632,00 years fiom tocay. Assume the real rate of interest is 4.00% and the intlation rate is 600% What is the value today of recelving 10.236.00 in 8.00 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions