For those that are a bit apprehensive about doing these calculations, below is a worked out problem that is likely the most complicated that you will…
For those that are a bit apprehensive about doing these calculations, below is a worked out problem that is likely the most complicated that you will come across in this class – but it is straightforward. The rate is 7% and the investment is for 5 years that is compounded annually (so when the investment is compounded annually, then the number of years is the […]