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Amount invested today Annual rate of return Years until maturity 204,000 8.8% 23 You are thinking about retirement, and would like to compute how much
Amount invested today Annual rate of return Years until maturity 204,000 8.8% 23 You are thinking about retirement, and would like to compute how much you will have some time in the future. Using the data from above, please compute future amounts, and then answer these questions: #3 How much MORE will you have if compounding is continuous rather than daily? A Between 50 and 300 B Between 300 and 400 C Between 400 and 500 D Between 500 and 700
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