Question: Really need help on this one please and thank you! Suppose you deposit $1.295,00 into an account today that earns 13.00%. It will take worth

Really need help on this one please and thank you!

Suppose you deposit $1.295,00 into an account today that earns 13.00%. It will take worth $2,993.00 years for the account to be Submit Answer format: Number Round to: 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

question 8 please question 8 #1 Suppose you deposit $2,562.00 into an account today that earns 10.00%. In 20.00 years the account will be worth S $ Submit Answer format: Currency: Round to: 2 decimal...

Suppose you deposit $1,894.00 into an account today that earns 13.00%. It will take ___ years for the account to be worth $2,704.00. #5 years for the account to be Suppose you deposit $1,894.00 into...

number 4 and 5 please. #4 Suppose you deposit $2,790.00 into an account today. In 13.00 years the account is worth $3,659.00. The account earned % per year. unanswered Submit not_submitted Attempts...

I need help solving this equation step by step in a BAII PLUS CALCULATOR please or in steps. Suppose you deposit $2,360.00 into an account today. In 12.00 years the account is worth $3,623.00. The...

ONLY NUMBER 5 PLS #4 Suppose you deposit $2,790.00 into an account today. In 13.00 years the account is worth $3,659.00. The account earned % per year. unanswered Submit not_submitted Attempts...

PLEASE I NEED THE FINAL ANSWER FOR ALL THE QUESTION. THANKS. #1 If you are willing to pay $43,065.00 today to receive $4,832.00 per year forever then your required rate of return must be %. Assume...

help me answer this round to 2 decimlas HA What is the value today of receiving $1,700.00 per year forever? Assume the first payment is made next year and the discount rate is 6.00% Submit Answer...

ANSWER CORRECTLY ASAP PLEASE! A lottery winner will receive annual end of year payments of $96,652.00. If the lottery winner invests 24.00% of each payment to a mutual fund that pays 3.00% APR, what...

Suppose you deposit $2,144.00 into an account today. In 13.00 years the account is worth $3,722.00. The account earned ____% per year. (Please explain this on a Microsoft excel spreadsheet...

please answer both questions, thank you Suppose you deposit $1,179 into an account today. Exactly five years from today the account is worth $1,696. The account's interest rate was. %. 01) 6.25 0 2)...

The table below shows the expected return and standard deviation for two stocks. Is the pattern shown in the table possible? Stock Beta Std. Dev 1 1.5 22% 2 0.9 3590

____ 1) Which is NOT considered to be a primary function of the respiratory system? (A) regulation of water balance (B) regulation of pH balance (C) protection against...

STEP: 1 of 3 Consider two U . S . - based firms, Mason Co . and Dayton Co . Suppose that each MNC has one large foreign subsidiary that generates nearly half of their respective sales. Mason's...

9. You are provided with the following information: Consumer Country Prices Interest Rates Forecast 3-month l-yr Govt Bond 2007e Latest Latest Australia 2.496 6.90% 6.23% Japan 0.0% 0.73% 1.65%...