Answers must be typewritten.
a. Determine how much money (to the nearest dollar),that you must invest today, at 7% per annum,compounded monthly,in order to obtain 1 million dollars in 30 years.
b. Determine how long it will take (to the nearest year),for $25,000, invested at an annual rate of interest of 10% and compounded quarterly,to grow to $200,000.
Answers must be typewritten. a. Determine how much money (to the nearest dollar),that you must in...