Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio The portfolio has been paying a rate of returns of 11 5 per year, compounding weekly Required Calculate how much money Jonathan has accumulated by his investment portfolio now If Jonathan would like to have totally $50,000 for his dream holiday and moves all the saving accumulated from current portfolio to another instrument that pays the interest rate of 15 5 per year, compounding annually How long will it take for Johnathan to reach his target of $50,000

Question: Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio.

Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio. The portfolio has been paying a rate of returns of 11.5% per year, compounding weekly.

Required:

Calculate how much money Jonathan has accumulated by his investment portfolio now?

If Jonathan would like to have totally $50,000 for his dream holiday and moves all the saving accumulated from current portfolio to another instrument that pays the interest rate of 15.5% per year, compounding annually. How long will it take for Johnathan to reach his target of $50,000 ?

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