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Author Question: If you invest 4,000 in a savings account paying 3 percent interest, how much will your investment be ... (Read 196 times)

kamilo84

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on: Jun 30, 2018
If you invest 4,000 in a savings account paying 3 percent interest, how much will your investment be worth in 25 years?
 
  What will be an ideal response?

Question 2

According to this Application, the failure of including cell phones in a timely manner when calculating the CPI caused the telecommunications component of the price index
 
  A) to become negative. B) to be biased upward.
  C) to be biased downward. D) to actually register no perceptible bias.


elyse44

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(4,000)(1.03)25 = 8,375.11

Answer to Question 2

B


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