Question: plesse help with these 2 problems 3 You are determining the future value for a single deposit you make now that earns 9% compounded monthly
3 You are determining the future value for a single deposit you make now that earns 9% compounded monthly for 4 years. Which of the following combinations would represent the correct values for the variables n(time) and rori (interest rate) to calculate the future value? 1) n = 12; i = 9% O2) n = 4; i = 2.25% 3) n = 48:1 - 75% 4)n- 4:1-9% Question 2 (2 points) If you wanted to withdraw $300 at the end of each year for 20 years, how much money would you need to deposit into an account today if you could earn 12%? 1) $2,241 2) $16,000 3) $21,615
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