Math Problem Statement
If you can invest $2500 today, who should you invest in in 30 years the first 10 years 5.2% compounded semi annually by George Way services. First 10 years 4.7% compounded monthly by carry heavy towing. Next five years, 5.7% compounded weekly by Pontiac . Next five years Applebee’s at 6.1% compounded annually. next 15 years Snowvalley 3.5% compounded quarterly next 15 years Hydro one compounded daily at 2.9%.
Solution
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Time Value of Money
Investment Growth
Formulas
Future Value formula: FV = P × (1 + r/n)^(nt)
Compound Interest Formula: A = P(1 + r/n)^(nt)
Theorems
Compound Interest Theorem
Suitable Grade Level
College Level (Finance/Business)
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