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    peter.car67's Avatar
    peter.car67 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 20, 2011, 04:41 PM
    Mike Finley wishes to become a millionaire. His money market fund has a balance
    (a) Mike Finley wishes to become a millionaire. His money market fund has a balance of $92,296 and
    Has a guaranteed interest rate of 10%. How many years must Mike leave that balance in the fund
    In order to get his desired $1,000,000?
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #2

    Apr 20, 2011, 06:21 PM

    Read the rules...

    Read this first: Expectations for the Homework Help board
    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.
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