SOLUTION: If £300 a month was invested for ten years at 5% per annum what would be the value at the end of the ten year term?
Algebra.Com
Question 762509: If £300 a month was invested for ten years at 5% per annum what would be the value at the end of the ten year term?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Depends. Simple interest, or compounded? If compounded, what periodicity?
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
Samantha invested $4000 at 5.2% per annum interest for 5 years. What was the amount of... (answered by fractalier)
Samantha invested $4000 at 5.2% per annum interest for 5 years. What was the amount of... (answered by fractalier)
5.) Determine the present value if $15,000 is to be received at the end of eight years... (answered by rfer)
Jonathan obtained his degree and started his own consulting company in January of 2010.... (answered by Theo)
Jonathan obtained his degree and started his own consulting company in January of 2010.... (answered by ElectricPavlov,ikleyn)
Ms. Montgomery invested $1,600 at 10% simple interest at the beginning of each year for a (answered by ikleyn)
1.Peter makes equal monthly deposits at the end of each month for the next four years to... (answered by ikleyn)
1. Mike’s Sport Shop deposits $3,600 at the end of each year for 12 years at 7% annual... (answered by edward d,Hyot)
(1) $600 invested at simple interest for 2 years earns $96. what is the rate of interest... (answered by rfer)
