PLEASE ANSWER BOTH QUESTIONS AND SHOW PROCESS!! THANK YOU 1- You deposit $500 today in...
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Finance
PLEASE ANSWER BOTH QUESTIONS AND SHOW PROCESS!! THANK YOU
1- You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 10 years?
2- Janice has $5,000 invested in a bank that pays 5.8% annually. How long will it take her funds to triple?
Rubric:
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Show each exercise in the same Excel file, (a sheet titled exercise 1 and so on).
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Only exercises with corrects and exact results will score (1 point each).
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The order and aesthetics of the information presented in each exercise will be
evaluated.
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