Question: Can someone help me with this and how to solve it on the financial calculator please You just deposited $1,421 in an account. What is

 Can someone help me with this and how to solve it

Can someone help me with this and how to solve it on the financial calculator please

You just deposited $1,421 in an account. What is the future value in 22 years? Use a nominal rate (monthly compounding) of 9.00%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES IN THE END. DO NOT ENTER THE DOLLAR SIGN. ENTER YOUR ANSWER AS A POSITIVE NUMBER. You Answered 9,461.87 Correct Answer 10,216.18 margin of error +/- 10 Question 6 0 / 1 pts What is the future value of an annuity due that pays $550 per year for 18 years? Use an annual interest rate of 8.00%. $22,492 $22,530 Correct Answer $22,245 $23,497 You Answered $20,597

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!