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livirose1514
02.08.2019 •
Mathematics
Assume that you must make a $1,000 payment one year from today. how much must you deposit today in a bank account that pays a 6% nominal rate, monthly compounding, to have the needed funds a year from now? a. $1,060.13 b. $ 941.91 c. $ 999.27 d. $ 970.17 e. $1,029.25
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Ответ:
So the answer should be around $940, which makes an easy choice.
However, to make sure, we use the compound interest formula:
F=P(1+i)^n
where i=6%/12=0.005 [monthly interest]
n=1year * 12 months / year = 12 months
1000=P(1.005)^12
=>
P=1000/1.005^12=$941.91 is what needs to be deposited today.
Ответ:
de fawk-
Step-by-step explanation: