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Essay heading: Time Value of Money
 
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Issue: Business
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Date added: August 12, 2001
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No of pages / words: 2 / 342
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A. If prize = (principal) x (rate) x (time) prize = (12,000) x (0.12) x (10) prize = (12,000) x (1.2) prize = $144,000 total invested by the lottery to pay our winnings of 12,000 for the next ten years. B. Q. Mary Just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this account for seven years...
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A. If prize = (principal) x (rate) x (time) prize = (12,000) x (0.12) x (10) prize = (12,000) x (1.2) prize = $144,000 total invested by the lottery to pay our winnings of 12,000 for the next ten years. B. Q. Mary Just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this account for seven years...
displayed next 300 characters

 
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