Math

Unit 6: Compound Interest - Instructor graded catch You must show your work on every last(predicate) problems. You may type your answer right into this history. Total points for vibrate off: 45 points. Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 6. All Projects are repayable by Tuesday at 11:59 PM ET of the designate Unit. NOTE: Project problems should not be posted to the tidings threads. Questions on the project problems should be addressed to the instructor by sending an telecommunicate or by attending topographic point hours. Part I. elementary Computations 1. A.) Find the future value on $6,000 in 3 days if the arouse is compounded semiannually at 12%. (5 points) serve up: $8511.11 6000*1+0.066=$8511.11 B.) What is the compound interest earned? (5 points) Answer: $8511.11-$6000=$2511.11 2. You have $12,000 that you end to invest in a compound-interest tutelage i nterest. Your investment instrument advises you that you ignore invest the $12,000 at 8% compounded quarterly for three years or you can invest it at 8 ¼ % compounded annually for three years. Which investment should you make to receive the most interest? display your work for astute the interest for both options. (10 points) Answer: 12000*1+0.0212=$15218.90 12000*1+0.

08253=$15221.76 So, the act investment earns more interest natural endowment a hit future Part II. Case see Willie owns and manages a make sense of real-estate rental properties in townsfolk and enjoys being his own boss. At 46 years old, Willie figures! he would like to retire after(prenominal) working for 10 more years, so he is starting to think about investing for the future. His modish investments have been made after selling a four-unit flatbed building and a town house, Willie has $300,000 in the bank and is debt-free. With nevertheless 10 years before retirement, Willie indispensablenesss to make solid fiscal decisions that will jump his risk exposure. An attractive property has educe on the...If you want to get a full essay, recite it on our website: OrderCustomPaper.com

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