Calculate the amount you would end up with if you invested $5000 at 14.6%/a compounded annually for 10 years. A donor gives $50 000 to the high school she graduated from. The amount must be invested for

Calculate the amount you would end up with if you invested $5000 at 14.6%/a compounded annually for 10 years.

A donor gives $50 000 to the high school she graduated from. The amount must be invested for 3 years, and the accumulated interest will be used to buy computers for the school computer lab. If the money earns 7.75%/a compounded monthly, how much will be available for the computers?

How much should Taylor invest now to have $10 000 in 3 years' time?
The money will be invested at 5%/a compounded monthly.

1 Answer

Calculate the amount you would end up with if you invested $5000 at 14.6%/a compounded annually for 10 years. A donor gives $50 000 to the high school she graduated from. The am…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions