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You project that you will be able to invest $1500 this year, $2500 two years from today. you hope to use the accumulated funds six
You project that you will be able to invest $1500 this year, $2500 two years from today. you hope to use the accumulated funds six years from now to use as a $10,000 down payment on a house. Will you achieve your objectives, if the investments earn 8% compounded semiannually ? A detailed timeline is required for this question. a) How much will you have in 6 years b) Did you meet your goal? yes or no a) $ b)
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