Question

Please help me with this one. open the document.

Answer 1

Have another look at year 5 for 3.5% investment, just recheck if there is no error

Answer 2

sorry its 118.77

Answer 3

The answer: It will take six years (See if it takes 6 yrs to get $122.93 for $100, if you multiply invested cash by 10, it should take 6 yrs to get $1229.3)

Answer 4

yeah, I kinda see it. kinda hard though lol

Answer 5

Notice that 5 yrs will reward $1187.7, the value you have just given me, so if you need $1200 you have to take take more than 5 yrs, so 6 should be ok because it rewards more than we need.

Answer 6

otay, thank you

Answer 7

U welcome. Enjoy you studies