Question: Question Completion Status: QUESTION 17 Starting next month. if you make monthly deposits of $655 into a retirement account that earns 6% interest compounded monthly,
Question Completion Status: QUESTION 17 Starting next month. if you make monthly deposits of $655 into a retirement account that earns 6% interest compounded monthly, how Large will your retirement account be in 41 years? (Do not include the dollar sign ($) Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places te.g. 3216)) QUESTION 18 Axis Credit wants to earn an effective annual return on its consumer loans of 14 28% per year. The financing company uses daily compounding on its loans. What interest rate is Axis required by law to report to potential borrowers? (Do not include the percent sign) Enter rounded answer as directedbut do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places leg.32161)
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