Question: Please show simple steps If Ronald invests $3,130.00 in 2 years in an account that is expected to earn 6.00 percent per year, and he

Please show simple steps

If Ronald invests $3,130.00 in 2 years in an account that is expected to earn 6.00 percent per year, and he expects to invest $2,370.00 in the same account in 5 years, then how much money will Ronald have in his account in 7 years?(Round the value to decimal places and enter the positive value)

Selected Answer:

7515.16

Correct Answer:

6,851.58

Answer range +/-

13.70316 (6837.87684 - 6865.28316 )

What is the cost of capital for the building if its value is $1900000 and annual cash flows forever of $100000 are expected with the first one in 1 year?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)

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