SOLUTION: You invest $10000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested quarterly. By how much will you investment have grown after 5 years?

Algebra ->  Functions -> SOLUTION: You invest $10000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested quarterly. By how much will you investment have grown after 5 years?      Log On


   

Question 1065053: You invest $10000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested quarterly. By how much will you investment have grown after 5 years?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
10000(1+(0.02/4)^(4*5) = 11,048.96 subtract 10,000 to find investment growth.