1. Zane invests $1000 at the beginning of each year in an RRSP. The mutual fund he chooses is expected to earn an annual return of 9%. what will be the balance of his investment after 15 years?
2. Suppose that in question 1 above zane had started with $2000, and then made annual contributions of $1000. what would be his final balance?
2條math問題(english) urgent!! 10分!
2006-11-06 10:52 pm
回答 (2)
2006-11-06 11:03 pm
✔ 最佳答案
1. 15*(1000+1000*(9/100)) =$16350Explaination:
-1000*(9/100) is the annual return that he get from every year
-(1000+1000*(9/100)) is the annual balance that he get from every year
-15*(1000+1000*(9/100)) is the balance of his investment after 15 years
2. I am a bit confuse with the situation for this one. Can't help you for this, sorry.
參考: Me
2006-11-06 10:54 pm
i don't know
收錄日期: 2021-04-13 14:39:36
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20061106000051KK01707