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Today, Thomas deposited $140,000 in a three-year, 8% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables,
Today, Thomas deposited $140,000 in a three-year, 8% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of \$1, PV of \$1, FVA of \$1, and PVA of $1) Multiple Choice $177,354 $177,554 $173,600 $176,360 Carol wants to invest money in an investment account paying 12% interest compounding semi-annually. Carol would like the account to have a balance of $60,000 two years from now. How much must Carol deposit to accomplish her goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1,PV of $1,EVA of $1, and PVA of $1 ). Multiple Choice $47,525 $45,600 $47,832 $30,000 An uncle asks to borrow $1,000 today and promises to repay you $1,210 two years from now. What annual interest rate would you be agreeing to? Note: Use tables, Excel, or a financial calculator. Round your final answers to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Multiple Choice 10.0% 12.1\%. 8.7%. 10.5%
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