Question
A. The value of an asset worth $18,000 today has appreciated at a constant rate of 2.4% compounded monthly. What was the asset worth 30
A. The value of an asset worth $18,000 today has appreciated at a constant rate of 2.4% compounded monthly. What was the asset worth 30 years ago?
B. What amount invested 11 years ago at 8.4% compounded monthly would generate $550 today?
C. Jorge deposited money 16 years ago in an account earning 3% interest compounded semiannually. He now has $60,000 in the account. What lump sum amount did he originally deposit 16 years ago?
D. If money can earn 6% interest compounded monthly, the investment of what amount 3 years ago would result in a total of $3,000 today?
Please explain clearly :)
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Online Marketing For Hotels The Definitive Guide To Direct Distribution How To Get The Most Out Of Your Advertising Money And Boost Website Revenue
Authors: Jan Sammeck
1st Edition
1798527871, 978-1798527870
