Exchange rate floating-monetary policy for emerging markets

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1. You want to have $38300 in your savings account 14 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6 percent interest, what amount must you deposit each year?

2. You have a revolving credit account at an annual percentage rate of 15%. Use the average daily balance method to find your new balance given the following statement of account: $

3. Is any link between the exchange rate floating and monetary policy for emerging markets?

Reference no: EM131973279

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