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Exponential Growth Compund Interest? |
Two students are saving money for a graduation trip to Asia in 3 yrs time. George has just sold his car for $4200 and has invested his money in a bond at an interest rate of 5.4% per year, compounded monthly. At the same time, John has invested his job savings of $3800 in aGIC at an interest rate of 6.8% per year, compounded quarterly. If these investements are left in place, after how many yrs will the 2 investments be approximatley equal in value?? OK 7.38 years = 7 years 4.56months=7 years 6 months because you cannot redeem in between quarters |
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OK 4200 * (1+(.054/12))^12t = 3800 *(1+(.068/4))^4t 4200* (1.0045)^12t = 3800*(1.017)^4t After 7.5 years the following would be the result 4200(1.4979) =6,291. 3800*(1.658)=6,301 ... she should make a public apology not only for the OFWs but also to the relatives in the country. ...Interestin.. ok, now u gotta sort out whether u Love her like a friend or more? From te way it sounds it seems romantic. Have u both slept together? Seems like it so. But if she was lookin fo... Hello Seeker, Where in the USA are you now? I want to add to my team new partner to source new business contacts in Australia, New Zealand, Singapore, Japan, USA and Canada. Depending on how ext... Ideally you should get your undergraduate degree in a business related field like: Accounting, Finance, Management, Supply Chain Management, etc. After undergrad look for business schools that o... Bangalore is definitely much better. ...It sounds to me like he is tired of waiting for you to find a steady job stateside - and if he was truly faithful, he would wait no matter how long it takes. If he isn't cheating on you yet, ... What do you mean in aviation? Do you mean as a helicopter or aviation pilot? If you want to be one of those be prepared to fork over for about 30,000 for flying lessons (about 50 grand for helicopt... |
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