Greater higher!!!!!!!!!!!!!
Answer:
<em>Rodney Cashman's fund is worth $ 465,862.95 after investing for the past 18 years.</em>
Explanation:
Given: Number of periods - 18 years * 4 quarters = 72
Periodic payment - $2,000
Interest Rate - 11.5%
Formula: FV of Annuity= p [(1+ r/m)n-1/ (r/m)]
Where:
P - Periodic Payment
r - interest rate
n - number of periods
m - compounding period
FV of Annuity =$ 465,862.95
False, the reason the prices raise is because of high demand. If people want a product they will buy it at a higher price.
Usually to support a cause for a good reason hope this helps!
