Answer to Question #288809 in Other for Kongi

Question

2) Assume that you want to have K1000 in a year’s time and the nominal interest rate is 10%. How much do you need to invest now to produce K1000 in a year’s time? 3) Assume that you want to have K1000 in a year’s time and nominal interest rate is 10% and the inflation rate of 7%. How much do you need to invest now to produce K1000 in a year’s time? 4) Assume you need K5, 000 next year to buy a printer. The interest rate is 10% per year. How much money should you set aside now in order to pay for the printer?

Answer 1

Dear Kongi, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order