1. If you deposit $1,849.00 into an account paying 12.08% annual interest compounded monthly, how many years until there is $11,622.00 in the account?

2. What is the value today of receiving a single payment of $49,520.00 in 9.0 years if your required rate of return on this investment is 21.81% compounded semi-annually?  

Answer rating: 100% (QA)

1 To determine the number of years it will take for the initial deposit to grow to 1162200 in an acc... View the full answer