Content
Esther invests $12000 in an index fund that pays 8% interest per annum, compounded monthly.
Give an expression for the value of Esther's investment after n years.
To earn a crown, get your answer ready before you reveal the options!
Calculate the amount of interest Esther will earn over the first 4 years. Give your answer to the nearest dollar.
Esther wants to use the money to buy a car for $27000.
Find the number of years Esther will have to wait.
Ask Plex AI about this problem
Get hints, ask questions, and work through this problem step by step