Question

Assume compounding/discounting. You invested $25,000. Your investment will yield 6.25% first year, 12.4% second year. Third...

Assume compounding/discounting.

You invested $25,000. Your investment will yield 6.25% first year, 12.4% second year. Third year you will lose 10.58% of whatever you have after 2 years. However, after that year next 3 years will be successful and will yield 8% each year. How much money will you have at the end of 6 years?

A.

$34,333

B.

$33,631

C.

$33,539

D.

$32,857

E.

$36,357

Homework Answers

Answer #1

ANSWER : B : 33631

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