a Linda Roy received a $219,000 inheritance after taxes from her parents. She invested it...
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a Linda Roy received a $219,000 inheritance after taxes from her parents. She invested it at 4.5% interest compounded quarterly for 4 years. A year later, she sold one of her rental properties for $229,000 and invested that money at 3.5% compounded semiannually for 3 years. Both of the investments have matured. She is hoping to have at least $519,000 in 8 years compounded annually at 2.5% interest so she can move to Hawaii. Future Value of Inheritance Investment: $0 Future Value of Rental Property Investment: $ Present Value of Final Investment: $ Future Value of Final Investment: $ Will she meet her goal? Yes No
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