Question: PLEASE Answer ALL (explanation with/without BA 2 calculator reference will be helpful!) #3 Suppose you deposit $1,199.00 into an account 6.00 years from today. Exactly
PLEASE Answer ALL (explanation with/without BA 2 calculator reference will be helpful!)
#3
Suppose you deposit $1,199.00 into an account 6.00 years from today. Exactly 16.00 years from today the account is worth $1,783.00. What was the account's interest rate?
Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243))
#4
Suppose you deposit $1,061.00 into an account 5.00 years from today that earns 12.00%. It will be worth $1,767.00 _____ years from today.
Answer format: Number: Round to: 2 decimal places.
#5
Assume the real rate of interest is 2.00% and the inflation rate is 6.00%. What is the value today of receiving 12,877.00 in 13.00 years?
Currency: Round to: 2 decimal places.
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