Assume Bill Jones invested $ 2,739.97 into an account exactly one year ago. The account has an
Question:
Assume Bill Jones invested $ 2,739.97 into an account exactly one year ago.
The account has an interest rate of 3.4 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)?
(Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84). Your Answer: Answer
Listen Assume Sheryl Jenkins wants to accumulate $ 12,106.40 in two years. She currently has $ 10,125.98 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,125.98 today) to have $ 12.106.40 exactly two years from today?
(Record your answer as a percent rounded to 1 decimal place; for example, record.527945 = 52.8% as 52.8). Your Answer:
Expert Answer:
To calculate the amount Bill Jones has in his account today after one year with an initial investmen... View the full answer
