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math

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When I was considering what to do with my $10,000 Lottery winnings, my broker suggested I invest half of it in gold, the value of which was growing by 11% per year, and the other half in CDs, which were yielding 4% per year, compounded every 6 months. Assuming that these rates are sustained, how much will my investment be worth in 9 years? (Round your answer to the nearest cent.)

  • math - ,

    amount = 5000(1.11)^9 + 5000(1.02)^18
    = ...
    you do the button-pushing

  • math - ,

    ^Yo that's wrong

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