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W5 Questions (1) X + 6a55b25d68aece37d9d924776ace098495ee/MyFiles/Downloads/FNCE%203050%20HW5%20Questions%20 How much do you need to put in the bank today, earning 5.000% (SA), if you also plan to

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W5 Questions (1) X + 6a55b25d68aece37d9d924776ace098495ee/MyFiles/Downloads/FNCE%203050%20HW5%20Questions%20 How much do you need to put in the bank today, earning 5.000% (SA), if you also plan to deposit $2,500 every six months, in order to have $500,000 in the account at the end of 10 years? Answer in S, to two decimal places i.e. Sxxxxxx You deposit $50,000 into a saving account. What nominal rate of interest do you need to earn for that money to grow to $100,000 over 10 years, if that interest rate is compounded annually? Answer as %, to three decimal places, i.e. X.co. You deposit $50,000 into a saving account. What nominal rate of interest do you need to earn for that money to grow to $100,000 over 10 years, if that interest rate is compounded semi-annually? Answer as, to three decimal places, Le x.ork You deposit 550,000 into a saving account. What nominal rate of interest do you need to earn for that money to grow to $100,000 over 10 years, if that interest rate is compounded monthly Answer as to three decimal places, Le. x.xxx 2 REC

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