Question: PLEASE HELP! 1 2 3 4 JUST 4 QUESTIONS PLEASE! GUARUNTEED THUMBS UP! THANKS!!! First City Bank pays 6 percent simple Interest on Its savings
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JUST 4 QUESTIONS PLEASE! GUARUNTEED THUMBS UP! THANKS!!!
First City Bank pays 6 percent simple Interest on Its savings account balances, whereas Second City Bank pays 6 percent Interest compounded annually. If you made a $69,000 deposit In each bank, how much more money would you earn from your Second City Bank account at the end of 10 years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Difference in accounts For each of the following, compute the future value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Years Interest Rate Future Value Present Value 2,400 0,052 70.355 186,796 For each of the following, compute the present value (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Present Value Years Interest Rate 12 Future Value 15.051 47,557 882,073 546,164 Solve for the unknown Interest rate in each of the following (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Interest Rate Future Value 380 Present Value Years $ 3004 420 18 45,000 19 44,281 25 1.394 237,520 703.627
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