Question: 1). How much will $6000 be worth if it is invested at 3.5% interest for 20 years compounded annually, semi-annually, quarterly, monthly, weekly, daily? (Use

1). How much will $6000 be worth if it is invested at 3.5% interest for 20 years compounded annually, semi-annually, quarterly, monthly, weekly, daily? (Use Excel dropdown) 2). How much should be invested now at 4% per annum so that after 2 years the amount will be $10000 when the interest is compounded annually, quarterly, monthly, daily? (Use Excel dropdown). 3). If you want your $25000 to double in 25 years (when you retire early), at what approximate rate of compound interest should you find for your investment
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
