To what amount investment grow if fund earns annual interest
Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually?
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Please, do the short assignment research a (museum of science/Boston) and write a short summary or guidebook. The only necessary research is the website, http://www.mos.org/
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Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years?
What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly?
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Candice Willis will invest $30,000 today. She needs $150,000 in 21 years. What annual interest rate must she earn?
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