Unit 3: Homework Assignment If you deposit $2000 in a bank account today that pays 6% annually, how much will be in your account after 5 years?What is the present value of a security that will pay $29
Unit 3: Homework Assignment If you deposit $2000 in a bank account today that pays 6% annually, how much will be in your account after 5 years? What is the present value of a security that will pay $29,000 in 20 years if the interest rate is 5% annually? Find the following values assuming that compounding/discounting occurs annually and then work them again assuming monthly […]