Bryan has decided to invest his $100,000 into stock market at 7.5% interest rate (on average)

compounded monthly*. In addition, he was making regular payments of $100 twice a month into

saving account at 2.75% interest rate. Ten years later, he decided to close both accounts and

reinvest the money into a new fast-growing company. He had just learned about this business and

was adamant that the return could be exponential. For the last ten years, Bryan was renting a

house paying $1750 monthly.

a. What is the value of Bryan`s inheritance 10 years after the investment into the stock market?

b. How much money did his saving account accumulate in 10 years? Show your work.

c. How much did he spend on renting over 10 years? Show your work.

Answer rating: 100% (QA)

Bryans Investment and Savings Analysis a Stock Market Investment Parameters Principal amount P 10000... View the full answer