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Homework answers / question archive / Question 1) 1 pts Celesta Frank wants to go on a cruise in three years

Question 1) 1 pts Celesta Frank wants to go on a cruise in three years

Finance

Question 1) 1 pts Celesta Frank wants to go on a cruise in three years. She could earn 8.25 percent compounded monthly in an account if she were to deposit the money today. She needs to have $12,000 in three years. How much will she have to deposit today? (Round to the nearest dollar.) O

$9,504

$9,589 O

$9,307 O

$9,377

Question 2)1 pts Dynoxo Textiles has a cash inflow of $2 million, which it needs for a long-term investment, at the end of one year. It plans to deposit the money in a bank CD that pays daily interest at 7.50 percent. What will be the value of the investment at the end of the year? (Round to the nearest dollar.) O

$2,113,072 O

$2,155,752 O

$2,134,306

$2,031,103

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