$10,000 is invested at 7% compounded annually. Over the next 25 years, how much of the investments...
Question:
a. Earnings strictly on the original $10,000 principal?
b. Earningsonre-investedearnings?(Thisamountreflectsthecumulativeeffectof compounding.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Given PV 10000 j 7 m 1 Term 25 years a Each year the ...View the full answer
Answered By
Kenneth Tenny
I discovered my passion to teach when I taught Maths to one of my cousins. I realised how innovative my knowledge-sharing was, when my exemplary approach made learning fun for her. I think the greatest win for a teacher is: being able to make your students curious about what you are teaching.
It has been 3 years and I am lucky enough to have an opportunity to teach students at various geographical locations and regions. I have home-tutored and taught many students online on a regular basis for this period of time. I am currently a mentor for a programming nano degree at Udacity as well. It has definitely evolved me as a teacher. Ping me up if you need help with Maths or Computer Science!
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
