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Use the equation and show all work. MTH 151 - Personal Finance Project Complete the following table assuming compounded interest annually. For the first two
Use the equation and show all work.
MTH 151 - Personal Finance Project Complete the following table assuming compounded interest annually. For the first two entries, you will need to choose a local bank and find the two indicated percentage rates. For entries three and four, you will need to research online these two Vanguard Exchange Traded Funds and find the two indicated percentage rates from Inception. The last four entries are individual stocks and I have provided the rate of return for 2016. (2017 was a bit too speculative) Use the interest rate you find for each as the assumed 'fixed interest rate to compute the value of $10,000 initially invested after 5 years and 30 years. Ap(14) years Present A=P1+2 > Nurker of the car car $10,000 initial 5 yrs later T $10,000'initial 30 yrs later Investment Average Source Yearly Interest Rate Local Bank Savings Account 0.03%ABOLA 10000 *(1 + $50230 10000x1+ 10000 X 1. = 0.03 bork of 10000 Local Bank CD (1 yr) Bank of 01072 Poreaca Vanguard Long Term Bond ETF 19.05 Vanguard Euroce Vanguard S&P 500 ETF -7.01 12.15% Vanguard Excorte Morningstar Apple 4.43% Morningstar General Electric 10.95% Morningstar Amazon 44.5% Morningstar Domino's Pizza Write a brief paragraph about your findings and possible surprises from doing this projectStep by Step Solution
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