Linda Roy received a $200,000 inheritance after taxes from her parents. She invested it at 4%...

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Linda Roy received a $200,000 inheritance after taxes from her parents. She invested it at 4% interest compounded quarterly for 3 years. A year later, she
 sold one of her rental properties for $210,000 and invested that money at 3% compounded semi-annually for 2 years. Both of the investments have matured.
 She is hoping to have at least $500,000 in 7 years compounded annually at 2% interest so she can move to Hawaii. Will she meet her goal?

Robert · Accepted Answer

Linda Roy received a $200,000 inheritance after taxes from her parents. She invested it at 4% interest compounded quarterly for 
3 years. A year later, she sold one of her rental properties for $210,000 and invested that money at 3% compounded semi-
annually for 2 years.

Linda Roy received a $200,000 inheritance after taxes from her parents. She invested it at 4% interest compounded quarterly for 3 years. A year later, she sold one of her rental properties for...

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