Question 1 what sum invested now will be worth pound500 in, Ask an Expert

Economics

Question: 1. What sum invested now will be worth £500 in 3 years' time if it earns interest at 12%?

2. Do you need to invest more than £10,000 now if you wish to have £65,000 in 15 years' time and you have a deposit account which guarantees 14%?

3. You need to have £7,500 on 1 January next year. How much do you need to invest at 1.3% per month if your investment is made on 1 June?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92290814

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