Unit 5 Math 133 Discussion Board: a Grandmother Is Looking for a Long Range...

Mr. Clarence E. Harris Unit 5 Math 133 Discussion Board Grace is a grandmother who is looking for a long-range investment for her grandchild Elliotts education. I searched the internet to find a Certificate of Deposit, which is a CD plan that earns compounded interest to invest her $25,000. I used the publicise rates, the number of deepen periods per year and the while the funds will be invested, from the web site I researched to calculate the future value of her investment. Here is a feel by step walk through of how I mensural Graces future investment. Tip: Youre deviation to need a special calculator to guard your value and get the correct result. The calculator I used was at the following website: Retrieved from https://www.bankoncit.com/calculators-savings.htm footfall #1. Was to apply the principle investment $25,000. The straits is $25,000 Principle =P P=$25,000 Step #2. Was to apply the publicise one-year interest rate for her investment. Remember to convert your part to a decimal dividing it by 100 Use advertised annual interest rate from the website Annual Interest vagabond =r Rate=1.15% /100=0.0115 r=0.0115 Step #3. Was to apply the time in years for the investment. State the time in years for the investment.

Time in years = t T=10 In this scenario we were not given the number of compounding periods a year. That means youll have to make it up.  Some options you may choose would be: Annual, Quarterly, Monthly or Daily. I chose annual because it made the math simple for me making the value for (n) #1. Step #4. Was to apply the number of compounding periods per year. State Compounding Periods Per category which will =(n) Compounded Periods = 1 (Annual) N=1 at a time Ill put the assigned values in a simple column for easy reading going into the conterminous step. P=$25,000 R=0.0115 T=10 N=1 Step #5. Now we can apply these values to the facial expression F(t) = P(1 + r/n) nt... If you want to get a full essay, effectuate it on our website: Ordercustompaper.com

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