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Author Question: Your Godmother established a $3,000 bank account for you when you were born. For the first 10 years ... (Read 107 times)

shenderson6

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on: Apr 25, 2021

Question 1

Your current investment will mature in 2 years for $30,000, at which time you will reinvest the funds for 10 more years at 7% per year. What will be the value of your investment at the end of the 12th year?
◦ $59,014.54
◦ $55,153.78
◦ $61,985.74
◦ $67,565.75
◦ $52,734.41

Question 2

Your Godmother established a $3,000 bank account for you when you were born. For the first 10 years the interest rate on the account was 10%. It has been 7.5% since then. You are now 25 years old and would like to withdraw the funds. How much money do you have?
◦ $23,023.70
◦ $18,295.02
◦ $32,504.12
◦ $25,828.32
◦ $23,445.80
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by shenderson6 on Apr 25, 2021

joewallace

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shenderson6

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

lkanara2

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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