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What discount rate would make you indifferent between receiving $3,804.00 per year forever and $5,329.00 per year for 20.00 years? Assume the first payment of
What discount rate would make you indifferent between receiving $3,804.00 per year forever and $5,329.00 per year for 20.00 years? Assume the first payment of both cash flow streams occurs in one year. Attempts Remaining: Infinity Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Today is Derek's 25 th birthday. Derek has been advised that he needs to have $2,248,410.00 in his retirement account the day he turns 65 . He estimates his retirement account will pay 10.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into the retirement account starting on his 26.00 th birthday and ending on his 65 th birthday. How much must those deposits be? Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $2,163.00 into an account today. In 9.00 years the account is worth $3,524.00. The account earned \% per year. Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format Attempts Remaining: Infinity rounded to 4 decimal places (ex: 0.0924))
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