Question
a) How much would need to invest earning simple interest at an APR of 4.3% to have an accumulated balance of $2,294.60 at the end
a) How much would need to invest earning simple interest at an APR of 4.3% to have an accumulated balance of $2,294.60 at the end of 12 years.
b) How long would you need to invest $4,500 at an APR of 1.8% to earn simple interest of $486?
c) Find the future value (accumulated balance) of $2500 invested at 2% interest rate, compounded quarterly, for 6 years.
d) How much must you deposit today into an account with an APR of 2.1%, compounded daily, in order to have $80,000 in 10 years? Assume no additional deposits are made.
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Writing About Finance And Business
Authors: Alexandrea Geddes
First Canadian Edition
1927023866, 978-1927023860
