Mathematics
Mathematics, 28.09.2019 06:20, lillielupfer6955

Determine the principal p that must be invested at rate r = 7%, compounded monthly, so that $500,000 will be available for retirement in t = 19 years. (round your answer to the nearest cent.)
p = $

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Mathematics, 19.07.2019 17:30, dakotacsey03
George and jim were brother were brothers who were each left an inheritance of $20,000. george invested his money in an account for 5 years at an annual interst rate of 6% compounded quarterly,jim invested his money for 5 years at an annual simple interest rate of 6.75%.at the end of the five years, they agreed to pool their accumulated principals into one account for a further 5 years with an annual interest rate of 5% compounded monthly. a. how much accumulated principal did george and jim each have after 5 years? hence determine how much money they had to pool. b. what was the accumulated principal of their pooled money at the end of the 10 year period. c. when george and jim first recieved their inheritance, the executor of the will suggested that they pool their resources immediately for 10 years and invest in an account that paid an annual interest rate of 6.75% compounded monthly. in view of your answer in (a) and (b) above, should they have taken this advice? explain.
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Mathematics, 27.07.2019 08:50, amoore51
Determine the value of an investment of $2500 if it is invested at an interest rate of 5.25% compounded monthly for 4 years
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