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thank you:) 19. ABC Bank is offering 3.6 percent compounded quarterly on its savings accounts. You deposit some amount of cash in the saving account
thank you:) 19. ABC Bank is offering 3.6 percent compounded quarterly on its savings accounts. You deposit some amount of cash in the saving account today. After 5 years, you have $89,719 in your account. How much did you deposit today? A. $50,000 B. $65,000 C. $70,000 D. $75,000 E. $75,177 20. The present value of the following cash flow stream is $13,469 when discounted at 5 percent annually. What is the value of the missing cash flow? Year Cash Flow $3,000 $4,500 1 2 3 ? 4 $4,000 A. $3000 B. $3239 C. $3619 D. $3750 E. $4000
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