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MY NOTES ASK YOUR TEACHER 14. DETAILS WANEFM7 2.2.034 Determine the amount of money to the nearest dollar, you must invest now at 10% per
MY NOTES ASK YOUR TEACHER 14. DETAILS WANEFM7 2.2.034 Determine the amount of money to the nearest dollar, you must invest now at 10% per year, compounded annually, so that you will be a millionaire in 44 years $ MY NOTES ASK YOUR TEACHER 15. DETAILS WANEFM7 2.2.029 When I was considering what to do with my $10,000 lottery winnings, my broker suggested that invest half of it in gold, the value of which was growing by 8% per year, and the other hair in certificates of deposit (CDs), which were yielding per year, compounded every 6 months. Assuming that these rates are sustained, how much will my investment be worth in 14 years? (Round your answer to the nearest cent.) MY NOTES ASK YOUR TEACHER 16. DETAILS WANEFM7 2.1.005. Compute the simple interest Int for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent. HINT (See Quick Examples 1-5.] $28,700 is invested for 6 months ato per year. INT FV = $
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