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You started the year with $25,000 in cash. You invested it and after year #1 you had an overall return of 5%. You did not
You started the year with $25,000 in cash. You invested it and after year #1 you had an overall return of 5%. You did not withdraw any of your initial principle (P) ($50,000) or your interest (I) gained for the year. In year #2 you had an overall return of 4%. After the 2nd full year:
1. What was your final Principle + Interest (P+I total), in dollars for the 2 full years?
2. What was your final interest (I), in dollars, after 2 full years?
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