Posted by Karen on Monday, March 9, 2009 at 6:52pm.
You invest $10,000 in Rapid Growth Funds, which appreciate by 1% per year, with yields reinvested quarterly. By how much will your investment have grown after 6 years?
for the deposit, use thsi as your equation:
1000(1+.07)^4
for the investment in RGF use this as your equation:
10000(1+.01)^6
Just plug them into a calulator to solve.
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