Question: When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO
When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.
1. Suppose you invest $30,350 today in an account that earns 1.41% interest annually. How much money will be in your account 15 years from today?
2. What is the value today, of single payment of $49,789 made 25 years from today, if the value is discounted at a rate of 10.92%?
3. How many years would it take an investment of $971 to grow to $10,007 at an annual rate of return of 10.56%?
9. If you deposit $312 at 6.15% annual interest compounded daily, how much money will be in the account after 19 years? (Assume that there are 364 days in a year)
10. Suppose you deposit $786 today, $151 in one year, and $935 in two years in an account that pays an annual rate of interest of 5.57%. How much money will be in the account after three years?
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