If the investment earned only 3 percent annual compound interest what would be the values?

Suppose Andrew Brewer invests $ Show more PLE 2.24 What a Difference 5 Years Make! Suppose Andrew Brewer invests $5000 annually and earns 6 percent annual compound interest. What is the value of his investment after (a) 15 years (b) 20 years (c) 25 years and (d) 30 years? If the investment earned only 3 percent annual compound interest what would be the values? From the results obtained what conclusions can be drawn regarding the impact of the interest earned versus the duration of the investment? Six percent annual compound interest: (a) (b) (c) (d) Three percent annual compound interest: (a) (b) (c) (d) The single sum compound amount factor answers the question regarding the impact of the interest earned versus the investments duration. Because the duration () is in the exponent time is far more critical than the interest rate earned on investments. For that reason it is essential that an individual begin investing sooner rather than later. how do they get 47.57542 in example D im putting in 1.06 ^ n on each one Show less

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