Find the value, in two years time, of $4000 invested at 5% compounded annually. In the following
Question:
Find the value, in two years time, of $4000 invested at 5% compounded annually. In the following two years, the interest rate is expected to rise to 8%. Find the final value of the investment at the end of the four-year period, and find the overall percentage increase. Give your answers correct to two decimal places.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: