Question
You have finally hit your savings goal of $5,000. As a result, you decide that you want to start investing in the stock market. You
You have finally hit your savings goal of $5,000. As a result, you decide that you want to start investing in the stock market. You decide to start off small with an investment of $500. Over the course of seven years, you hope to earn at least a 7% return on your investment. A) How much money will you have at the end of 4 years?
B) Create a vertical data table. Analyze how things change when your interest rate varies from 1% to 8%.
C) Create a horizontal data table. How do things change when your investment maturity date changes from 1 15 years.
Please show any formulas, and work.
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