You are left 100,000. you put it in a money account at it paying 4.65% compound monthly. how long would it?

take for you to allow this money to increase to a total of 250,000? what would your investment be if you left the money in it for just 10 yrs?? what rate of intrest would you need to get in order 4 the investment to reach 200,000 in 10 yrs???what would you need to add to this investment in order to reach 250,000 in 10 yrs @ the current rate???please show how to work it

sorry i would help you out but if i brought out the rule of 72 and all the other short cuts it would do you no good because your teach would know a old cpa did your home work!!!!

if you're asking here, I bet you didn't pay attention in class. Go back and read the textbook. If you understand time value of money, you can easily set all this up in a spreadsheet.

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