Sunday, December 24, 2006

Blogpals --- help requested

Problems:

1) If $1,000 was invested at 5% per year in a daily sweeps account for the college account of a new born baby --- how much would that yield in 18 years?

2) If $1,000 were invested annually each year at 5% per year in a daily sweeps account for the college account of a new born baby --- how much would that yield in 18 years?

1 Comments:

Anonymous Anonymous said...

Approximate answers for "Blogpals—help requested"

1) $2,459.45
2) $29,926.84

December 27, 2006  

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