Question: Hello I know question 21 and how to solve. I cant figure out 22 please solve 22. Its only there because you need the nominal
Next, Denise will invest $500 every month, at the end of month, beginning one month from today, for the next thirty years. The account is expected to earn 5.75%, compounded monthly what will the balance be in 30 years. a. b. C. 478,898.81 576,325.55 601,110.25 640,946.6 e none of the above 2 Refer to the previous question. If inflation is expected to be 3% over the next 30 years, using the real rate of interest, (nominal minus inflation), recalculate the previous question, reflecting the FVA's purchasing power n 2018 dollars Use real rate of interest nominal rate minus inflation rate - look it up a. 213,325.00 b. 202,311.00 C. 192,315.00 d 180,742.00 e none of the above
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