You are considering different investment strategies to save for your retirement.

Option 1: You invest $25/ month at a rate of 3.25% APR compounded monthly for 30 years.

Option 2: You invest $75/ quarter at a rate of 4.00% APR compounded monthly for 30 years.

Option 3: You invest $1,000 at a rate of 6.25% APR compounded monthly for 30 years.

Question

You are considering different investment strategies to save for your retirement.

Option 1: You invest $25/ month at a rate of 3.25% APR compounded monthly for 30 years.

Option 2: You invest $75/ quarter at a rate of 4.00% APR compounded monthly for 30 years.

Option 3: You invest $1,000 at a rate of 6.25% APR compounded monthly for 30 years.

anonymous · Answer

help @SolomonZelman

anonymous · Answer

On all of these problems is the initial value in the investment = 0?

anonymous · Answer

yea excpt 3

anonymous · Answer

3 is 1,000

anonymous · Answer

Okay, sorry I'm taking so long I'm trying to help but I just figured out a mistake I made so I have to redo it.

anonymous · Answer

Okay so I've calculated number 1 and number 3, and number 1 makes more money than number 3. Idk how to do number 2 though.

anonymous · Answer

@lamaguineapig i dont get it is tehre a way u can right every thing out