Find how much you will have accumulated in the account

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Reference no: EM131189914

You have $2500 to invest today at 55% interest compounded annually

A) Find how much you will have accumulated in the account at the end of? 4 years , 8 years and 12 years

B) Use your findings in part A to calculate the amount of interest earned in? answer the first 4 years (1-4 years), the second 4 years (5-8 years) and the third four years (9-12 years)

C) Compare and contrast your findings in part b.Explain how the amount of interest earned changes in each succeeding 4 year period.

Reference no: EM131189914

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