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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
For their daughter's future education David and Bonnie set a fund in which they invest at the end of every six months. The first investment is $100 and they plan to increase their investments at a constant rate of 0.5%. If the fund earns 2 .4% compounded semi-annually, how much money will be in the fund in 16 years when their daughter goes to college?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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Hillier Author
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#2
6 years ago
Correct, thank you
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