Problemyou invest 3600 today at a nominal annual rate of 55, Ask an Expert

Finance

Problem:

You invest $3,600 today at a nominal annual rate of 5.5 percent. This investment will pay one payment five years from now.

Required:

Question: What will be the amount of that payment?

$2,754.48
$2,906.16
$4,705.06
$4,818.09
$5,018.62

Note: Please provide full description.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174178

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