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Required rate of return on investment

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If you deposit $806 into an account paying 23.00% annual interest compounded quarterly, how many years until there is $14,806 in the account?

If you deposit $214 into an account paying 07.00% annual interest compounded monthly, how many years until there is $45,812 in the account?

What is the value today of receiving a single payment of $74,233 in five years if your required rate of return on this investment is 07.00% compounded semi-annually?

Reference no: EM132129664

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