Question 3 Part One - You invest $10,000 a year for 15 years at a 2% interest rate. How much money do you have at the end of 30 years? Part Two- Instead of getting a constant 2% interest rate, what happens to your investment if the rate rises to 6% after 5 years?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 3
Part One - You invest $10,000 a year for 15 years at a 2% interest rate.
How much money do you have at the end of 30 years?
Part Two- Instead of getting a constant 2% interest rate, what happens to your investment if the
rate rises to 6% after 5 years?
Transcribed Image Text:Question 3 Part One - You invest $10,000 a year for 15 years at a 2% interest rate. How much money do you have at the end of 30 years? Part Two- Instead of getting a constant 2% interest rate, what happens to your investment if the rate rises to 6% after 5 years?
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