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High - Ret Investments provides a Commonwealth Market Equity Fund that pays you 1 0 percent per year. If you invest $ 1 0 0
HighRet Investments provides a Commonwealth Market Equity Fund that pays you percent per year. If you
invest $ today,
a How much will you have four years from now? points
b How much would be the total dollar amount if the fund pays simple interest during the four years?
points
c How much interest youll get when compounding for the years? points
d How much more interest youll get when compounding for the years compared with simple interest? points
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