Math

Unit 6: Compound Interest - Instructor be catch You must show your work on entirely problems. You may type your answer right into this history. Total points for handshaking off: 45 points. Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 6. All Projects are collect by Tuesday at 11:59 PM ET of the designate Unit. NOTE: Project problems should not be posted to the intervention threads. Questions on the project problems should be addressed to the instructor by sending an telecommunicate or by attending stead hours. Part I. elementary Computations 1. A.) Find the future value on $6,000 in triad days if the arouse is compounded semiannually at 12%. (5 points) closure: $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 pram interest. Your investm ent instrument advises you that you fire 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? commemorate 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 grown a hit future Part II. Case submit Willie owns and manages a make sense of real-estate rental properties in town and enjoys being his own boss. At 46 years old, Willie figures he would like to retire after(prenominal) working for 10 more ye ars, so he is starting to think about inves! ting for the future. His current investments have been made after selling a four-unit flat tire building and a town house, Willie has $300,000 in the bank and is debt-free. With only if 10 years before retirement, Willie indispensablenesss to make solid pecuniary decisions that will jump his risk exposure. An attractive property has let on the...If you want to get a full essay, lodge it on our website: OrderEssay.net

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