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  3. greg c one of our team leaders.... saving money to

greg c one of our team leaders.... saving money to complete his dream hobby project what...

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Question

Basic Math

greg c one of our team leaders.... saving money to complete hisdream hobby project what is the future value $2000 is invested at12% compounded after 10 years

method a) every 6 months

B) quartely

c) monthly

d) every other 2 years

f) which method do you recommend to

A) invest

b) not invest

C)explain why?

Answer & Explanation Solved by verified expert
4.0 Ratings (432 Votes)
SolutionWe know the formula for compound interest is1HereP Initial value of investmentA Final amountr rate of interest in decimalt time in yearsn number of interest applied    See Answer
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