2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005 theinvestment would have been worth $55,177.52. What interest rate compounded annually would thisinvestment have earned? Round to the nearest hundredth of a percent.а.14.70%b.39.41%С.29.41%d.13.71%е.29.41%3. A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the bill untilthe 20th of the month, but paid the full amount of $263 at that time. In the mean time, the card wasused to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What wasthe average daily balance for the billing period?а.$362.50b.$95.97с.$166.07d.$184.27

“Hey, since there are multiple questions posted, we will answer first question. If you want any…

2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005 the investment would have been worth $55,177.52. What interest rate compounded annually would this investment have earned? Round to the nearest hundredth of a percent. a. 14.70% b. 39.41% C. 29.41% d. 13.71% е. 29.41%

2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005 the investment would have been worth $55,177.52. What interest rate compounded annually would this investment have earned? Round to the nearest hundredth of a percent. a. 14.70% b. 39.41% C. 29.41% d. 13.71% е. 29.41%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...

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