contestada

Mike invests $2,196 in a savings account
with a fixed annual interest rate of 9%
compounded 6 times per year. What will
the account balance be after 10 years?

Respuesta :

sorryfaze86

Answer:

Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Certificate of Deposit. The interest rate on the CD is 3% with a term of five years, and the interest is paid out annually. Based on recent inflation, Michael is planning on an annual inflation rate of 2%.

Step-by-step explanation:

Otras preguntas