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anonymous

  • 5 years ago

A grandmother is looking for a plan to finance her new grandchild’s college education. She has $25,000 to invest. Search the internet and locate a long-range investment plan, CD, Savings Bond, etc, for the grandmother. The plan is to earn compound interest. Calculate the future value of the investment. You must use the advertised interest rate, the number of compounding periods per year, and the time the funds will be invested. If you are not given the number of compounding periods a year, make it up. • The principal is $25,000. This is p. • Research the annual interest rate for your invest.

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  1. anonymous
    • 5 years ago
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  2. anonymous
    • 5 years ago
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    I used a interest rate of 2.15%,,,I uses a one year term

  3. anonymous
    • 5 years ago
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    I can't figure it out though

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