Question: please i need #48 & 50. with explanation if possible with excel/financial calc. thank you in advance! please help, will upvote 48. You agree to

please i need #48 & 50. with explanation if possible with excel/financial calc. thank you in advance! please help, will upvote

48. You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning? A) 7.62% D) 8.82% B) 8.00% C) 8.40% E) 9.26% 49. Wildwoods, Inc. earned $1.50 per share five years ago. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? A) 15.54% B) 16.36% C) 17.18% D) 18.04% E) 18.94% 50. You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple? A) 23.99 B) 25.26 C) 26.58 D) 27.98 E) 29.46

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