Question
Your late Aunt Rose just left you with a $10,000 inheritance. Instead of spending the money, you want to invest it to be able to
Your late Aunt Rose just left you with a $10,000 inheritance. Instead of spending the money, you want to invest it to be able to have enough money for a $20,000 down payment on a home in a few years. There are two options presented to you.
| Investment A | Investment B |
Year 0 | $ 10,000.00 | $ 10,000.00 |
Year 1 | $ 11,200.00 | $ 11,000.00 |
Year 2 | $ 12,400.00 | $ 12,100.00 |
Year 3 | $ 13,600.00 | $ 13,310.00 |
Year 4 | $ 14,800.00 | $ 14,641.00 |
Year 5 |
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Year 6 |
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Year 7 |
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Year 8 |
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Year 9 |
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Year 10 |
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Year 11 |
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Year 12 |
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Year 13 |
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Year 14 |
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Year 15 |
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complete the chart as shown, show work
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