greg c one of our team leaders.... saving money to complete his
dream hobby project what...
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Basic Math
greg c one of our team leaders.... saving money to complete hisdream hobby project what is the future value $2000 is invested at12% compounded after 10 years
method a) every 6 months
B) quartely
c) monthly
d) every other 2 years
f) which method do you recommend to
A) invest
b) not invest
C)explain why?
Answer & Explanation
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SolutionWe know the formula for compound interest is1HereP Initial value of investmentA Final amountr rate of interest in decimalt time in yearsn number of interest applied
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