Mathematics, 09.06.2021 17:50 raquelle66
Suppose you have just inherited a sum of money. Let’s say you choose to invest the money. How much did you inherit? Choose an amount between $1000 and $100,000. Do not choose an increment of 1000. In other words, do not choose $1000, $2000, $5000, $14000, etc.
What is your interest rate? Choose a rate between 0.5% and 3%.
Using yearly compounding, calculate the accrued value after 5 years, 10 years, and 15 years. Show all work.
Answers: 3
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Suppose you have just inherited a sum of money. Let’s say you choose to invest the money. How much d...
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