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Category > Accounting Posted 19 Jun 2017 My Price 8.00

Determine the current amount of money that must be invested at 12% nominal interest


1. Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year) for 6 years, starting 12 years from now. The interest rate remains constant over this entire period of time.

 

2. Juan deposits $5,000 into a savings account that pays 7.2% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of two years

Answers

Alpha Geek
(8)
Status NEW Posted 19 Jun 2017 10:06 AM My Price 8.00

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Attachments

file 1497869103-2282305_1_636333707824166875_Time-value-of-Money.xlsx preview (224 words )
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