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Jane is an analyst and their company wants to get a return of atleast 7.3% compounded Semi-Annually on their investment. Jane will only have use of the money for 111 Months before the company needs it for another project. Jane has been give $3,125 to invest.
If Jane is able to find an investment matching the criteria, how much money will they have after 111 Months?
=_____________
If the rate of return ended up being 10% and the company invested their $3,125. How much would they have after 111 Months?
=____________
The company liked the 10% and decided to leave the money invest until they earned 10,582.36. How long was the money actually invested for in MONTHS? (REMEMBER (-) signs where appropriate)
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