Question: Please Answer All Questions!!! 1. How many years will it take a sum inple it it were invested in a bank that pays 6.0 percent
1. How many years will it take a sum inple it it were invested in a bank that pays 6.0 percent per year? a) 15.51 years b) 18.26 years C) 20.89 years d) 22.91 years e) 29.16 years OLD 2 Yo want to go to Europe five years from now, and you can save $3,700 per year beginning immediately. Yo plan to deposit the finds into a mutual fund, which you expect then 6:5. percent per year.inder Mest anditions, hew M much will you have in you autantan 5 years? M O b) 19,929.99 (.) 21,958.70 d) 23, 781.41 1.) 21,001.92 .203 3 you just won the Flonda lottery. Yw have the choice of $15,000,000 a today or a 20-year annuity of $1,080,00 with the first payment coming a ly car from today. What rate of return is within the annvity? a) 3. 44410 2 b) 2.160 P UNO () 391% d) 4.02% l.) 4.1200
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