You invest \$10,000 in Rapid Growth Funds, which appreciate by 3% per year, with yields reinvested quarterly. By how much will your investment have grown after 8 years?

1. 👍
2. 👎
3. 👁
1. 6898976

1. 👍
2. 👎

## Similar Questions

1. ### Algebra

A financier plans to invest up to \$500,000 in two projects. Project A yields a return of 11% on the investment of x dollars, whereas Project B yields a return of 16% on the investment of y dollars. Because the investment in

2. ### Math

Betsy, a recent retiree, requires \$6,000 per year in extra income. She has \$60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be

3. ### AP tatistics

A horticulturist wishes to estimate the mean growth of seedlings in a large timber plot last year. A random sample of n = 100 seedlings is selected and the one-year growth for each is measured. The sample yields = 5.62 cm. The

4. ### finance300

3) Your uncle has \$280,000 invested at 7.5%, and he now wants to retire. He wants to withdraw \$35,000 at the end of each year, starting at the end of this year. He also wants to have \$25,000 left to give you when he ceases to

1. ### math

Zach is planning to invest up to \$50,000 in corporate and municipal bonds. The lest he will invest in corporate bonds is \$6000 and he does not want to invest more than \$27,000 in corporate bonds. He also does not want to invest

Betsy, a recent retiree, requires \$6,000 per year in extra income. She has \$70,000 to invest and can invest in B-rated bonds paying 17% per year or in a CD paying 7% per year. How much money should be invested in each to realize

3. ### mathematics

Ronald Thump is interested in expanding his firm. After careful consideration, he has determined three areas in which he might invest additional funds: (1) product research and development, (2) manufacturing operations

4. ### Economics (Net Present Value

Approximately 14 million Americans are addicted to drugs and alcohol. The federal government estimates that these addicts cost the U.S. economy \$300 billion in medical expenses and lost productivity. Despite the enormous potential

1. ### Algebra

A woman has a total of \$7,000 to invest. She invests part of the money in an account that pays 7% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is \$640, how much did she

2. ### Math/ Compouded semiannually ?'s

Jessica plans to purchase a car in one year at a cost of \$30,000. How much should be invested in an account paying 10% compounded semiannually to have the funds needed. a. \$27,210.90 b. \$3,512.06 c. \$24,793.50 d. \$27,272.70 The

3. ### Finance

Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year Cash Flow 0 –\$690,000 1 243,000 2 175,000 3 256,000 4 231,000 All cash flows will occur in Erewhon and are

4. ### Calculus

A tree grows 2.80 m during the first year since it was planted. During each subsequent year the tree's growth is 85% of its growth the previous year. a) Calculate to the nearest 0.001m, the growth of the tree in the fourth year.