1. If you deposit $207 into an account paying 16.91% annual interest compounded quarterly, how many years...
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Question:
1. If you deposit $207 into an account paying 16.91% annual interest compounded quarterly, how many years until there is $61,116 in the account?
2. How much money would you need to deposit today at 13.52% annual interest compounded monthly to have $14,155 in the account after 11 years?
3. How many years would it take an investment of $288 to grow to $8,503 at an annual rate of return of 16.3%?
4. What is the value today, of single payment of $96,174 made 15 years from today, if the value is discounted at a rate of 8.32%?
5. Suppose you invest $85,608 today in an account that earns 13.51% interest annually. How much money will be in your account 16 years from today?
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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