Question: suppose you need to have 5293800 in an account 1800...
Suppose you need to have $52,938.00 in an account 18.00 years from today and that the account pays 15.00%. How much do you have to deposit into the account 8.00 years from today?
Suppose you deposit $1,773.00 into and account 4.00 years from today into an account that earns 14.00%. How much will the account be worth 18.00 years from today?
Assume the nominal rate of return is 9.93% and the real rate is 2.96%. Find the inflation rate of return using the exact formula