# Initial Post: Suppose you have just inherited a sum of money.

Initial Post:

1. Suppose you have just inherited a sum of money. Let’s say you choose to invest the money. How much did you inherit? Choose an amount between \$1000 and \$100,000. Do not choose an increment of 1000. In other words, do not choose \$1000, \$2000, \$5000, \$14000, etc.
2. What is your interest rate? Choose a rate between 0.5% and 3%.
3. Using yearly compounding, calculate the accrued value after 5 years, 10 years, and 15 years. Show all work. You may show your work as an inserted image.

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