Question 1 Itranscript Listen. You deposit $438 today into a bank account that earns 15% annually. How much will be in your account after 5 years? note: show your answer to the nearest dollar (round to nearest dollar). Your Answer: Answer

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question 1
Itranscript
Listen ►
You deposit $438 today into a bank account that earns 15% annually. How much
will be in your account after 5 years?
note: show your answer to the nearest dollar (round to nearest dollar).
Your Answer:
Answer
Question 2
Itranscript
Listen ►
What is the present value of an annuity that pays $255 at the beginning of each year
for 24 years if the annuity earns 12% annually?
note: round to and show your answer to the nearest dollar.
Your Answer:
Transcribed Image Text:Question 1 Itranscript Listen ► You deposit $438 today into a bank account that earns 15% annually. How much will be in your account after 5 years? note: show your answer to the nearest dollar (round to nearest dollar). Your Answer: Answer Question 2 Itranscript Listen ► What is the present value of an annuity that pays $255 at the beginning of each year for 24 years if the annuity earns 12% annually? note: round to and show your answer to the nearest dollar. Your Answer:
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