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Category > Business & Finance Posted 20 May 2017 My Price 11.00

How much must you deposit at the

How much must you deposit at the end of each year in an account that pays a nominal annual rate of 20 percent, if at the end of five years you want $10,000 in the account?

2. A leading broker has advertised money multiplier certificates that will triple your money in nine years; that is, if you buy one for $333.33 today, it will pay you $1,000 at the end of nine years. What rate of return will you earn on these money multiplier certificates?

 

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Status NEW Posted 20 May 2017 01:05 PM My Price 11.00

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