Solved

The Value of an Investment of $3000 Earning 7

Question 243

Short Answer

The value of an investment of $3000 earning 7.25% compounded yearly is given by A = 3000(1.072 The value of an investment of $3000 earning 7.25% compounded yearly is given by A = 3000(1.072    ,where t is the number of years it has been invested.If the amount of your investment is now $10,000,how long has it been invested?
,where t is the number of years it has been invested.If the amount of your investment is now $10,000,how long has it been invested?

Correct Answer:

verifed

Verified

a little o...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents