How Much Must You Deposit Into An Account Today So That You Can Have 25 000 In Ten Years Assume That The Account Earns 1 (110.3 KiB) Viewed 18 times
How Much Must You Deposit Into An Account Today So That You Can Have 25 000 In Ten Years Assume That The Account Earns 2 (36.29 KiB) Viewed 18 times
How much must you deposit into an account today so that you can have $25,000 in ten years? Assume that the account earns 5% per year compounded quarterly. You should deposit $ (Round the final answer to the nearest cent as needed. Keep all decimal places as you work through the problem.)
What is the present value of a $15,000 lump sum that you will receive three years from now and that was in an account that earned 5% per year compounded semi-annually? The present value is $. (Round the final answer to the nearest cent as needed. Keep all decimal places as you work through the problem.)
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