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izzysquizzy izzysquizzy
  • 17-03-2016
  • Mathematics
Answered

Bill invests $3000 in a bond fund with an interest rate of 9% per year. If Bill does not

withdraw any of the money, in how many years will his bond fund be worth $5000?

Verified Answer :

Bigbadnewsom1
Bigbadnewsom1 Bigbadnewsom1
  • 17-03-2016

It will be 7 years 6 months with $25 extra

Answer Link

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