How many years will it take for $500 to grow

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Question 1. To what amount will $5,000 invested for 10 years at 11 percent compounded annually accumulate ?

Question 2. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years?

Question 3. Wiggum would like to make a single investment and have $2.0 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest? today? If Sarah earned an annual return of 14 percent, how soon could she then? retire?

Question 4 A. if Sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest is ? ?(Round to the nearest? cent.)

Question 5. How many years will it take for $500 to grow to $1,039.50 if it's invested at 5 percent compounded annually?

Question 6. At what annual interest? rate, compounded? annually, would $500 have to be invested for it to grow to $1,951.33 in 14 years

Reference no: EM133377493

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