2-3-4 a) The BOB (Bank Of Bob) offers you a savings account with an interest rate of 6.3% which will be composed 11 times a year. If you invest $280,000 for 23 years, then calculate the capitalized value of your investment. Note: Your answer must be written in decimal place with 2 decimal places ACCURATE of precision. B) The BOB (Bank Of Bob) offers you a savings account with an interest rate of 5.1% which will be composed continuously. If you invest $149,000 for 29 years, then calculate the capitalized value of your investment. Note: Your answer must be written in decimal places with 2 decimal places ACCURATE of precision. c) The BOB (Bank Of Bob) offers you a savings account with an interest rate of 9.25% which will be composed 18 times a year. If you plan to withdraw $1,000,000 in 24 years, then calculate the current value of your investment. Note: Your answer must be written in decimal places with 2 decimal places ACCURATE of precision.
2-3-4
a)
The BOB (Bank Of Bob) offers you a savings account with an interest rate of 6.3% which will be composed 11 times a year. If you invest $280,000 for 23 years, then calculate the capitalized value of your investment.
Note: Your answer must be written in decimal place with 2 decimal places
ACCURATE of precision.
B)
The BOB (Bank Of Bob) offers you a savings account with an interest rate of 5.1% which will be composed continuously. If you invest $149,000 for 29 years, then calculate the capitalized value of your investment.
Note: Your answer must be written in decimal places with 2 decimal places
ACCURATE of precision.
c)
The BOB (Bank Of Bob) offers you a savings account with an interest rate of 9.25% which will be composed 18 times a year. If you plan to withdraw $1,000,000 in 24 years, then calculate the current value of your investment.
Note: Your answer must be written in decimal places with 2 decimal places
ACCURATE of precision.
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