1 how much must you deposit at the end of each year in an, Ask an Expert

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1. How much must you deposit at the end of each year in an account that pays a nominal annual rate of 20 percent, if at the end of five years you want $10,000 in the account?

2. A leading broker has advertised money multiplier certificates that will triple your money in nine years; that is, if you buy one for $333.33 today, it will pay you $1,000 at the end of nine years. What rate of return will you earn on these money multiplier certificates?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92092662

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