Compound Interest Factors Are Provided Below Using the Above Factors, Answer Each of the Following Questions
Compound interest factors are provided below:
Using the above factors, answer each of the following questions.
a. How much will you have in 10 years if you invest $30,000 in an investment that earns 10%
semiannually?
b. How much do you have to invest today to have $30,000 in 10 years if the investment earns
10% annually?
c. How much will you have in 10 ysears if you invest $15,000 at the end of each year in an investment earning 10% annually?
d. How much do you have to invest today and every six months thereafter for the next 10 years if you want to accumulate a total of $400,000 10 years from today in an investment paying 10% semiannually?
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