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You plan to invest $1,210 a year for 7 years at a 9 percent annually? How much will you have in 7 years? Assume the first investment is made in one year.

Respuesta :

Answer:

See below

Step-by-step explanation:

For SIMPLE interest :

 1210 + 1210 * .09 * 7 = $ 1972.30

For ANNUAL COMPOUNDING of interest

  1210 ( 1 + .09)^7 = $ 2211.93

I do not know which one you need....what are you studying presently?

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