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24 April, 08:10

You expect to receive $5,000 at graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until you have $50,000. At that time, you plan to travel around the world. How long from now will it be until you can begin your travels? Group of answer choices

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  1. 24 April, 11:48
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    A. She will earn the same amount of interest each year. B. She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest
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