Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you need to have $57,561.00 in an account 24.00 years from today and that the account pays 15,00%. How much do you have to

image text in transcribed
Suppose you need to have $57,561.00 in an account 24.00 years from today and that the account pays 15,00%. How much do you have to deposit into the account 13.00 years from today? 123772.35 Submit Answer format: Currency: Round to: 2 decimal places. incon Poin More De Attempts Remaining in Suppose you deposit $1,067.00 into an account 7.00 years from today. Exactly 12.00 years from today the account is worth $1,737.00. What was the account's interest rate? Inc Po Submit 4.144% More C Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243) Attempts Remaining Attempts Remaining . Suppose you deposit $1,061.00 into an account 5.00 years from today that earns 12.00%. It will be worth $1.767.00 years from today Submit Answer format: Number: Round to: 2 decimal places al Attempts Remann Assume the real rate of interest is 2.00% and the inflation rate is 6.0096. What is the value today of receiving 12,877.00 in 13.00 years? Submit do 2 decimal places s:60 % Hide

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