You have just deposited $6,000 into an account that promises to pay you an annual interest...
You have just deposited $6,000 into an account that promises to pay you an annual interest rate of 5.5 percent each year for the next 6 years. You will leave the money invested in the account and 10 years from today, you need to have $12,800 in the account. What annual interest rate must you earn over the last 4 years to accomplish this goal?
Multiple Choice
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10.64%
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10.48%
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9.22%
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12.97%
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11.53%
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You have just deposited $6,000 into an account that promises to
pay you an annual interest...
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you have just deposited $8,000 into an account that promises to pay you an annual interest rate of 5.9% each year for the next 5 years. you will leave the money invested in the account and 15 years from today you jeex to have 19,400 in the account. what annual interest rate must you earn over the last 10 years to accomplish this goal?
You have just deposited $8,000 into an account that promises to pay you an annual interest...
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1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest...
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QUESTION 6 $40,000 is deposited in an account that pays 5.5% annual interest. You want to track the balance of the account over the course of 10 years. Compare the balance in the account after 2 years, 5 years, and 10 years for a simple interest account and an account compounded semi-annually.
If you invest $6,000 today in an account at an annual interest rate of 7% compounded...
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