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How many years would need to invest a sum of money

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Reference no: EM132993601

Question 1: Denny earns a monthly retainer of $1,000 plus 10% on all sales. How much will Denny have to sell in a month in order to earn $4,000? What are Denny's net earnings for the month? Tax is withheld at the rate of 33 1/3%.

Question 2: Find the annual interest rate at which deposits of $250 at the end of every month for ten years will accumulate to $57,509.67.

Question 3: How many years would you need to invest a sum of money at 10% p.a. in order for it to double in value with interest paid quarterly?

Reference no: EM132993601

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