How much would you need to deposit today into an account earning 3.6% p.a. compounding...
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How much would you need to deposit today into an account earning 3.6% p.a. compounding quarterly, to have $6,958 at the end of year 4 ? Your Answer: Answer Question 9 (1.5 points) You want to buy a new car in four years which will cost you $63,000. If you have $49,000 in your bank account now, how much is nominal interest rate (compounded annually) p.a. to reach your goal? Hint: if your answer is 10.14%, please input as 10.14, rather than 0.1014, or 10.14%, or 10.14 per cent
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