Question
Can you help me with 3 Questions?. 1. You invest an initial $100 in an account that has an annual interest rate of 3%, compounded
Can you help me with 3 Questions?.
1.You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? Round your answer to the nearest whole number and include units.
2.You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. How much money will you have in the account after 5 years? Round your answer to the nearest whole number and include units.
3.The population of a town in 2000 was 430. The population is increasing at a rate of 0.9% every year. What will be the projected population of the town in 2010? Round your answer to the nearest whole number.
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
