1. Kathern Molone is wondering how much their home equity will be worth in 3 years...
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1. Kathern Molone is wondering how much their home equity will be worth in 3 years and currently has an amount of $195,990.00. Given an interest rate of 14.00% compounded monthly, how much will they have in 3 years? 2.Sheri Kopec, a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $77,330.00 to $110,620.00 in 13 years. With tri- annually compounding, what is the annualized rate of growth (CAGR)? 1. Kathern Molone is wondering how much their home equity will be worth in 3 years and currently has an amount of $195,990.00. Given an interest rate of 14.00% compounded monthly, how much will they have in 3 years? 2.Sheri Kopec, a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $77,330.00 to $110,620.00 in 13 years. With tri- annually compounding, what is the annualized rate of growth (CAGR)?
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1 To calculate the future value of Kathern Molones home equity in 3 yea... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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