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Suppose you need to have $50,716.00 in an account 17.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 12.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. C unanswered not submitted Attempts Remaining: Infinity

Suppose you need to have $50,716.00 in an account 17.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 12.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. C unanswered not submitted Attempts Remaining: Infinity

Essentials Of Investments
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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#2 #3 #4 #5 Suppose you need to have $50,716.00 in an account 17.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 12.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $1,032.00 into an account 6.00 years from today. Exactly 13.00 years from today the account is worth $1,795.00. What was the account's interest rate? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) Suppose you deposit $1,035.00 into an account 4.00 years from today that earns 10.00%. It will be worth $1,819.00 years from today. Submit Answer format: Number: Round to: 2 decimal places. Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 12,491.00 in 15.00 years? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity unanswered not_submitted Attempts Remaining: Infinity unanswered not submitted Attempts Remaining: Infinity unanswered not submitted Attempts Remaining: Infinity
Transcribed Image Text:#2 #3 #4 #5 Suppose you need to have $50,716.00 in an account 17.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 12.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $1,032.00 into an account 6.00 years from today. Exactly 13.00 years from today the account is worth $1,795.00. What was the account's interest rate? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) Suppose you deposit $1,035.00 into an account 4.00 years from today that earns 10.00%. It will be worth $1,819.00 years from today. Submit Answer format: Number: Round to: 2 decimal places. Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 12,491.00 in 15.00 years? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity unanswered not_submitted Attempts Remaining: Infinity unanswered not submitted Attempts Remaining: Infinity unanswered not submitted Attempts Remaining: Infinity
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