5000*(1+.07*13) + 5000(1+.03/2)^(2*13)
= $16,913.55
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 7% per year, and the other half in certificates of deposit (CDs), which were yielding 3% per year, compounded every 6 months. Assuming that these rates are sustained, how much will my investment be worth in 13 years? (Round your answer to the nearest cent.)
2 answers
^thats wrong yo it don't work
2 answers