2. Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bought a bond with a face value of $2500 and a coupon rate of 7%, and she invested $5000 into a fund that is expected to grow by 3.5% per year.

How long will it take the fund she invested in to be worth $10,000?

Question

2. Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bought a bond with a face value of $2500 and a coupon rate of 7%, and she invested $5000 into a fund that is expected to grow by 3.5% per year.

How long will it take the fund she invested in to be worth $10,000?

Elsa213 · Answer

Hello. ^.^ This might help: http://openstudy.com/updates/5351cdcde4b0b39169ce1fd2

pandasurvive · Answer

Also this https://answers.yahoo.com/question/index?qid=20140603162915AAZSDYJ

AshtynThatDrummerGirl · Answer

Thanks guys :)