# Investment 2

Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposit? Result c = 5436.644 USD #### Solution: $a=5000 \ \\ q_{1}=\sqrt[12]{ 1+\dfrac{ 4.7 }{ 100 } } \doteq 1.0038 \ \\ q_{2}=\sqrt[12]{ 1+\dfrac{ 7.3 }{ 100 } } \doteq 1.0059 \ \\ \ \\ b=a \cdot \ q_{1}^{ 5 }=5000 \cdot \ 1.0038^{ 5 } \doteq 5096.6067 \ \text{USD} \ \\ c=b \cdot \ q_{2}^{ 11 }=5096.6067 \cdot \ 1.0059^{ 11 } \doteq 5436.6436 \doteq 5436.644 \ \text{USD}$ Our examples were largely sent or created by pupils and students themselves. Therefore, we would be pleased if you could send us any errors you found, spelling mistakes, or rephasing the example. Thank you! Leave us a comment of this math problem and its solution (i.e. if it is still somewhat unclear...): Showing 0 comments: Be the first to comment! Tips to related online calculators Do you want to convert time units like minutes to seconds? #### Following knowledge from mathematics are needed to solve this word math problem: ## Next similar math problems: 1. Investment 1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years?
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3. Account operations
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10. GP - 8 items
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12. Geometric progression 2
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14. Geometric sequence 4
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15. Tenth member
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