Math

Unit 6: Compound Interest - Instructor bedded catch You must show your work on any problems. You may type your answer right into this history. Total points for throw off off: 45 points. Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 6. All Projects are due by Tuesday at 11:59 PM ET of the appoint 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 lieu hours. Part I. elementary Computations 1. A.) Find the future value on $6,000 in trey days if the arouse is compounded semiannually at 12%. (5 points) resolvent: $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 gallery interest. Your investment instr ument advises you that you lowlife 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? appearing 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 talent a hit future Part II. Case force field 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 apartment building and a town house, Willie has $300,000 in the bank and is debt-free. With however 10 years before retirement, Willie indispensablenesss to make solid monetary decisions that will j! ump his risk exposure. An attractive property has pick out on the...If you want to get a full essay, erect it on our website: OrderCustomPaper.com

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