On your ninth birthday, you received $1,000 which you invested at 5.7 percent interest, compounded annually....
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On your ninth birthday, you received $1,000 which you invested at 5.7 percent interest, compounded annually. Your investment is now worth $7,000. How old are you today? On your ninth birthday, you received $1,000 which you invested at 5.7 percent interest, compounded annually. Your investment is now worth $7,000. How old are you today?
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To find out how old you are today we can use the formula for compound interes... View the full answer
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