How much money do they need to put into the account

Assignment Help Financial Management

Reference no: EM132061683

1. A policy of REGULATORY FORBEARANCE leads to ______ by financial institutions.

increased risk-taking

decreased corporate meeting procedures

increased levels of issuance of T-bills

reduced internal memos

2. Your cousin is currently 12 years old. She will be going to college in 6 years. Your aunt and uncle would like to have $100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.0% per? year, how much money do they need to put into the account today to ensure that they will have $100,000 in 6 years? The amount they need to put away today is $___.

?(Round to the nearest? cent.)

Reference no: EM132061683

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