Thank you very much. Unfortunately my teacher wrote down an impossible number so I had to impend it. But I was more after seeing how to work out a question similiar to that. Again thank you :spin:
I invest $8000 for 16 years & earn 2.4 times the original amount at 6% p.a. compounding quarterly (every 3 months). However after an unknown number of years during the 16 year period, the rate goes down by 0.5%. When did the rates change?
I have come up with the initial formula of:
2.4 =...
Hi all,
Basically for my Year 12 Business Assignment I have to simulate a start up business venture. If you could please spare a couple of minutes to answer 10 multiple choice questions about my business venture it would be greatly appreciated.
The survey link (SurveyMonkey) ...