Grow Me the Money! You win a cash prize in a raffle that gives you 525.000 after taxes. You now
Savings account with an interest rate of ons would be the money sale but
way to the growth of the money were you wested your money
e could grow faster and you might eventually double your money? How long would
You how to decide you want to
take out and free 10 Cena 2.35 lecterest rate
west in a mutual fund with an area of 1028
est in a malfund with you a return of 11
Assume that the westments continue to yield return of the came to complete the
Calculating the compound interest compounded way for the west
225 interest Rate
10.20 Interest Rate
End of your
144. In
End
+
1
2
3
3
3
4
5
5
.
7
7
.
10
19
1. At approximately what year does your investment double for the interest rate of
a 2.252
b. 10 28%
14.45