Thursday

January 29, 2015

January 29, 2015

Posted by **ruby** on Wednesday, May 23, 2012 at 4:40pm.

2.Research the annual interest rate for your investment. This is r.

3.State the time in years for the investment (as in when the new grandchild will be attending college). This is t.

4.State the number of compounding periods per year. This is n.

5.Model the future value of Grandma’s investment as an exponential function, with time as the independent variable: F(t) = P(1 + r/n) nt

6.State the future value of Grandma’s investment.

7.Use the internet or library resources to find the average cost of a college education today; will grandma’s investment be able to cover the cost in today’s dollars; what about in the future?

8.Summarize your findings in writing using proper style and grammar

**Answer this Question**

**Related Questions**

Algebra - The principal is $25,000. This is P. Research the annual interest rate...

College Algebra - The principal is $25,000. This is P. Research the annual ...

compound interest - How do I solve these problems? Complete the table for a ...

algebra - A grandmother is looking for a plan to finance her new grandchild’s ...

algebra - grandma ploan to finance her grandchilds college education she has 50,...

Math - Find the interest if $ 9,000 is invested at an annual simple interest ...

Math - I need to find the equation for the following (compound interest): number...

algebra - Hannah invests $3850 dollars at an annual rate of 6% compounded ...

Financial Math - An investment of $2500 accumulates at 6% p.a compounded semi ...

Trigonometry - The value V, of a $100,000 investment that earns 3% annual ...