Question

Determine the amount you need to invest to have $22,000 dollars in 4 years if you invest at 5% annual interest, compounded quarterly.

Answer 1

Answer:

Step-by-step explanation:

Метод

сложных процентов:

S = 100 (1+

0,10/2)^2*2 = 100*1,2155

= 121,55

ΔР = 121,55

– 100 = 21,55 тыс. руб.