Business, 23.08.2020 01:01 shilohtito

You deposited $5,000 from a late uncle on your 9th birthday. A) If you earned 10.5% interest each year, how much would you have when you turn 65?
B) If you earned 10.5% interest compounded monthly each year, how much would you have when you turn 65?
C) If you wanted to have $2 million when you turn 65, what rate of interest would you need to earn assuming annual compounding?

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You deposited $5,000 from a late uncle on your 9th birthday. A) If you earned 10.5% interest each y...

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