Question: Business Math Please Answer Correctly. If your client's objective is to have $18,000 in six years, how much should he invest today in a product
Business Math
Please Answer Correctly.


If your client's objective is to have $18,000 in six years, how much should he invest today in a product earning 9.0% compounded annually? (Do not round intermediate calculations and round your final answers to 2 decimal places.) Required investment An initial $2200 investment was worth $2830 after two years and six months. What quarterly compounded nominal rate of return did the investment earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Nominal rate of return % compounded quarterly. To be equivalent to 12.0% compounded quarterly, what must be the nominal rate with: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Annual compounding? %
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