Shanice purchases a savings bond which has a future value of 10,000 dollars. If the bond is
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2. On January 1, Shaniqua puts 2,000 dollars into an IRA with a 9 percent rate of return. If she continues for a total of 6 years, how much interest would she have earned?
3. On January 1st, Tamara invests 2,500 dollars in an account with a rate of 7 percent per year. Assuming she puts in 2,500 on 1 January for five years, what will be the ending balance at the end of the five-year period?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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