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1. How much is a guaranteed promise of $15,600 to be received in 11 years worth today if interest is 11%? Round the answer to the nearest cent.

2. If you deposit $240.78 in an account that pays 3% and leave it there for 11 years, how much will you have in the account? Round the answer to the nearest cent.

3. How much will $183 grow into if it is invested at 13% for 35 years? Round the answer to the nearest cent.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92056707

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