Discussion about math, puzzles, games and fun. Useful symbols: ÷ × ½ √ ∞ ≠ ≤ ≥ ≈ ⇒ ± ∈ Δ θ ∴ ∑ ∫ π -¹ ² ³ °

You are not logged in.

- Topics: Active | Unanswered

**mom****Member**- Registered: 2012-04-25
- Posts: 94

Is it more profitable to receive $2000 now or $3500 in 10 years? Assume that money can earn 6% interest compounded monthly.

Offline

**bobbym****Administrator**- From: Bumpkinland
- Registered: 2009-04-12
- Posts: 100,366

Hi mom;

I would take the 2000 right now and invest it at the 6% compounded monthly.

**In mathematics, you don't understand things. You just get used to them.****If it ain't broke, fix it until it is.** **Thinking is cheating.**

Offline