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Note: For all Questions on this Assignment, round to nearest hundredths. Example: (1.08) )5 should equal 1.47) YOU MUST SHOW ALL YOUR WORK TO GET
Note: For all Questions on this Assignment, round to nearest hundredths. Example: (1.08) )5 should equal 1.47) YOU MUST SHOW ALL YOUR WORK TO GET FULL CREDIT. You purchase a US Savings bond for $2000 that offers an annual interest rate 5%. How much is it worth after 20 years? (For decimals, only go to the hundredths .xx ) Note: For all Questions on this Assignment, round to nearest hundredths. Example: (1.08)5 should equal 1.47) YOU MUST SHOW ALL YOUR WORK TO GET CREDIT. Your best friend wins the lottery and gives you a gift option. As a gift, they offer to give you the interest only from a $1,000,000 investment with an interest rate of 8% that compounds annually. How much interest do you receive in 5 years? (For decimals, only go to the hundredths .xx)
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