Description
After reviewing the resources for this module, go into MyFinanceLab and complete the assignment for Module Five. Grades in MyFinanceLab will be converted to points in the Grade Center.
Click on the MyFinanceLab link on the left-side navigation to access this resource.
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Explanation & Answer
Attached.
Finance Questions
I used Excel Computations
Q1
$4,900 invested for 9 years at 10 percent compounded annually will accumulate $11,553.94.
Q2
a) At 5 percent
For 3 years: $9,724.05
For 7 years: $11,819.64
For 17 years: $19,252.95
b) At 7 percent
For 3 years: $10,290.36
For 7 years: $13,488.56
For 17 years: $26,534.05
At 9 percent
For 3 years: $10,878....