Donna Takeuchi inherited $6,200. She invested it immediately in an investment fund paying 6% comp

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Donna Takeuchi inherited $6,200. She invested it immediately in an investment fund paying 6% comp

Donna Takeuchi inherited $6,200. She invested it immediately in an investment fund paying 6% compounded semiannually. How much interest would Donna earn if she left principal and interest invested for 10 years? 5 Sandy Hopkins was planning to buy a new car in 3 years. She has some money today that she can invest for 3 years in an account that will pay 6% compounded quarterly. How much of it would she need to deposit today so that she will have $8,000 in her account in 3 years?

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