If money can be invested to earn 1.5% compounded annually, how much would have to be invested
Question:
If money can be invested to earn 1.5% compounded annually, how much would have to be invested today to grow to $10,000 after
a. 10 years?
b. 20 years?
c. 30 years?
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To find invested money P Formula A P1r t where A Maturity amount after t ...View the full answer
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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