1. Home
  2. University of houston downtown
  3. Financial markets
  4. How to accumulate personal

15.3 How to accumulate personal wealth  (Page 8/13)

<< Chapter < Page
  University of houston downtown     Page 8 / 13
Chapter >> Page >

  • Card 8 / 13:
    You open a 5-year CD for $1,000 that pays 2% interest, compounded annually. What is the value of that CD at the end of the 5 years?

    Principal(1 + interest rate) time = $1,000(1+0.02) 5 =$1,104.08

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card ↑ / ↓ / Return / Space
<< Chapter < Page Page > Chapter >>
Practice FlashCards 8 Key Terms 2

Read also:

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, University of houston downtown: microeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11651/1.2
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'University of houston downtown: microeconomics' conversation and receive update notifications?

Ask