Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance in a 3-year U.S. Treasury bond earning a 5.2%

You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance in a 3-year U.S. Treasury bond earning a 5.2% APR compounded annually and the rest in a stock plan. Your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. What is the balance of the savings account by the end of the third year?

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question