Homework Answers
| Annual deposit | Rate of return | Number of years | Investment value at the end of time period | Total amount of investment | Total amount of earnings |
| $2,000 | 2% | 10 | $21,900 | $20,000 | $1,900 |
| $2,000 | 8% | 10 | $28,974 | $20,000 | $8,974 |
| $2,000 | 4% | 30 | $112,170 | $60,000 | $52,170 |
| $2,000 | 11% | 30 | $398,042 | $60,000 | $338,042 |
Calculation : -
| Annual deposit | Rate of return | Number of years | Investment value at the end of time period | Total amount of investment | Total amount of earnings |
| $2,000 | 2% | 10 | ($2000 x 10.95) = 21900 | 2000 x 10 = 20000 | 21900-20000 = 1900 |
| $2,000 | 8% | 10 | ($2000 x 14.487) = 28974 | 2000 x 10 = 20000 | 28974 - 20000 = 8974 |
| $2,000 | 4% | 30 | ($2000 x 56.085) = 112170 | 2000 x 30 = 60000 | 112170-60000 = 52170 |
| $2,000 | 11% | 30 | ($2000 x 199.021) = 398042 | 2000 x 30 = 60000 | 398042-60000 = 338042 |
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Please answer all of the
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