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Author Question: You are considering investing in a developing-country bank account that pays a nominal annual rate ... (Read 56 times)

aeb093

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on: Aug 7, 2023

Question 1

You are considering investing in a bank account that pays a nominal annual rate of7.2%, compounded monthly. If you invest $6,000 at the end of each month, how many months will it take for your account to grow to $230,000? Round fractional years up.

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33


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35


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38


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40



Question 2

You are considering investing in a developing-country bank account that pays a nominal annual rate of24%, compounded monthly. If you invest $7,000 at the beginning of each month, how many months will it take for your account to grow to $280,000? Round fractional years up.

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29


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30


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31


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32

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Marked as best answer by aeb093 on Aug 7, 2023

risolinick@gmail.com

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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aeb093

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

connor417

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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