Unit 6: Compound Interest - Instructor class-conscious catch You must show your work on every problems. You may type your answer right into this history. Total points for bring up off: 45 points. Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 6. All Projects are collectible by Tuesday at 11:59 PM ET of the designate Unit. NOTE: Project problems should not be posted to the password threads. Questions on the project problems should be addressed to the instructor by sending an telecommunicate or by attending fleck hours. Part I. elementary Computations 1. A.) Find the future value on $6,000 in leash days if the arouse is compounded semiannually at 12%. (5 points) attend to: $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 passenger car intere st. Your investment instrument advises you that you discount 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? gift 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 big(a) a hit future Part II. Case understand Willie owns and manages a make sense of real-estate rental properties in townspeople and enjoys being his own boss. At 46 years old, Willie figures he would! like to retire after(prenominal) working for 10 more years, so he is starting to think about investing for the future. His modish investments have been made after selling a four-unit flatcar building and a town house, Willie has $300,000 in the bank and is debt-free. With all 10 years before retirement, Willie indispensablenesss to make solid pecuniary decisions that will jump his risk exposure. An attractive property has fill in on the...If you want to get a full essay, put together it on our website: OrderCustomPaper.com
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