Tuesday, September 7, 2010

Homework 2 Assignment 2 part c

Double time of Money at 2% per year
1 1000
2 1020
3 1040
4 1060
5 1080
6 1100
7 1120
8 1140
9 1160
10 1180
11 1200
12 1220
13 1240
14 1260
15 1280
16 1300
17 1320
18 1340
19 1360
20 1380
21 1400
22 1420
23 1440
24 1460
25 1480
26 1500
27 1520
28 1540
29 1560
30 1580
31 1600
32 1620
33 1640
34 1660
35 1680
36 1700
37 1720
38 1740
39 1760
40 1780
41 1800
42 1820
43 1840
44 1860
45 1880
46 1900
47 1920
48 1940
49 1960
50 1980
51 2000
So at 2% interest per year it will take 51 years to double your money. 

No comments:

Post a Comment