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You have saved $22,467.00 for a three-year vacation to Germany. You will keep your money invested in an account paying 7.32% APR with monthly

 

You have saved $22,467.00 for a three-year vacation to Germany. You will keep your money invested in an account paying 7.32% APR with monthly compounding while you live in Munich. You will make your withdrawals at the beginning of the month. What is the balance on the account after the first month? (This is the balance prior to the withdrawal for the second month) Submit Answer format: Currency: Round to: 2 decimal places. Show Hint A consulting project will generate revenue of $22,410.00 per quarter for a 4.00-year period. If the consulting firm wants an 11.20% APR (with quarterly compounding) return on their pipjects, what is the value of the project to the firm today? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint

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