Question: 1. Assume Sheryl Jenkins wants to accumulate $ 12,241.30 in two years. She currently has $ 10,919.00 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,919.00 today) to have $ 12,241.30 exactly two years from today? 3. Assume Jed Gerbil invested $ 12,744 into an account exactly two years ago. The account has an interest rate of 13.5 % p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)?
2. Assume Jed Gerbil invested $ 12,744 into an account exactly two years ago. The account has an interest rate of 13.5 % p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)?