You are considering different investment strategies to save for your retirement.
Option...
Mathematics, 26.03.2020 06:35 nshtxacg
You are considering different investment strategies to save for your retirement.
Option 1: You invest $25/month at a rate of 3.25% APR compounded monthly for 30 years.
Option 2: You invest $75/quarter at a rate of 4.00% APR compounded monthly for 30 years.
Option 3: You invest $1,000 at a rate of 6.25% APR compounded monthly for 30 years.
Complete the table below and answer the questions below it.
You may use this calculator Savings & Investment Calculator to help you. (Hint: The “Present Value” for options 1 and 2 is 0, while for option 3 it is $1,000.00. Also, the top radio button in the Contributions box should be selected so that contributions are made at the beginning of the period.)
Answers: 3
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