1 you have 2014064 in a brokerage account and you plan to, Ask an Expert

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1. You have $20,140.64 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $200,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.

_______________years

2. Suppose the current exchange rate for the Polish zloty is Z 2.37. The expected exchange rate in three years is Z 2.52. What is the difference in the annual inflation rates for the United States and Poland over this period? Assume that the anticipated rate is constant for both countries.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92831623

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