SOLUTION: How many years will it take for an initial investment of $950 to grow to $14,000 if it is invested today at 6.5% compounded monthly? (Note on formatting: Be sure to include a space
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Question 1179982: How many years will it take for an initial investment of $950 to grow to $14,000 if it is invested today at 6.5% compounded monthly? (Note on formatting: Be sure to include a space and the word, “year” or “years”, and round off to two decimal places. Example: 10.50 years)
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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Hello, are you a former book editor at a publishing company ?
Believe me, we, the tutors, do not need such instructions as you place in your post.
We are not idiots . . .
Also (and beside of it), these instructions are not correct within their meaning:
the answer should be given in years and months, not in decimal numbers.
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Excuse me for my words, that may seem to be too sharp to you . . .
Simply saying, I do not like, when a person, who is not a specialist in the subject,
suddenly gets into a position of a mentor and starts dictate to real experts.
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Let me tell you one my story.
In US, I worked in several Engineering companies for many years.
My managers/supervisors were knowledgeable people;
but no one, even knowledgeable person can not be an experts in all areas, at the same time.
So, recognizing my skills, expertise and knowledge, my manager, when a new project came, always asked me,
calling me by my name: "how we will solve it ?"
And I answered then : "in this way, and in this way, and in this . . . ".
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