Question: Question 3 (3 points) How long will it take to triple your money at 6.25% compounded continuosly, Give your answer in years. A) 16.67 B)
Question 3 (3 points) How long will it take to triple your money at 6.25% compounded continuosly, Give your answer in years. A) 16.67 B) 18.12 C) 17.58 OD 23.21 Question 4 (3 points) Find the future value of a 15 year annuity, which has end of quarter payments of $100 for the first 10 years followed by end of month payments of $400 for the remaining 5 years. The interest rate during the first 10 years is 4% compounded quarterly and 6% compounded monthly thereafter. A) 31786.90 OB) 43944.80 OC) 34502.05 D 22328.45
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