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Each year, $ 6 , 5 0 0 is invested at 3 % annual compound interest. a . What is the value of the investment
Each year, $ is invested at annual compound interest.
a What is the value of the investment portfolio
after years? $
After years? $
After years? $
b Repeat part a with the investment at annual compound interest.
After years? $
After years? $
After years? $
c Based upon your answers to a and b what conclusions can be drawn regarding the impact of the interest earned versus
the duration of the investment?
increase in interest rate increases the accumulated investment value
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