SOLUTION: you want to invest 1000 in to a savings account. which option is best for reaching your goal of 5000
A.) interst of 3% compounded semi annualy
B.) interst of 45% compounded year
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-> SOLUTION: you want to invest 1000 in to a savings account. which option is best for reaching your goal of 5000
A.) interst of 3% compounded semi annualy
B.) interst of 45% compounded year
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Question 326530: you want to invest 1000 in to a savings account. which option is best for reaching your goal of 5000
A.) interst of 3% compounded semi annualy
B.) interst of 45% compounded yearly
c.) Interest of 25% compounded quarterly Answer by rfer(16322) (Show Source):
You can put this solution on YOUR website! A=5000(1+.03/2)^2
A=5000*1.03
A=5151.13
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A=5000(1+.045)
A=5000*1.045
A=5225.00
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A=5000(1+.025/4)^4
A=5000*1.00625
A=5031.25
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