Question 162722
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Money after 3 years:
{{{F=P(1+i)^n}}}, working eqn
{{{F=1000(1+0.14)^3}}}
{{{F=1481.544}}}
Sixty percent: {{{1481.544*0.60=888.9264}}}, for lending venture
Remaning: {{{1481.544-888.9264=592.6176}}}, for lending plan
After 2 years:
For lending venture that earns 7%/month:
Via working eqn,
{{{F=888.9264(1+0.07/12)^(2*12)=highlight(1022.10)}}}
Foe lending plan that earns 5%/month:
{{{F=592.6176(1+0.05/12)^(2*12)=highlight(654.81)}}}
Money thereafter:
{{{highlight(1022.10+654.81=1676.91)}}}
Thank you,
Jojo</pre>