# You begin an investment plan by putting \$10,000 in an account

Question 1

Question 2

Question 3

Who influenced Josephine Baker? Josephine Baker: Josephine Baker is considered one of the first superstars of African heritage. She was born in St. Louis, Missouri but became a citizen of France in 1937. After moving to France, her career developed rapidly and launched her to international fame.
Question 4

Who did Josephine Baker work with in the Harlem Renaissance? Harlem Renaissance: The Harlem Renaissance was a vibrant time of art, music, literature, and performance that celebrated African American artistic expression. It was named for Harlem, the borough of New York City where most of the African American art scene was centered in the 1920s and 1930s.

Value of Savings Account at the end of year 25

Annual Interest rate = 8%

Yearly investment = \$5000/yr

Value of savings Account =5000x[1+0.08]^(25)-1/0.08

=\$365529.7

Total Value of savings Account at the end of 25 years = 365529.7+10000 = \$375529.70

Annual Savings at the end of Year 8

5000x[1+0.08]^(8)-1/0.08

=\$53183.13

by adding \$10000 initial Investment, Total Savings = 53183.13+10000 = \$54183.13

He will be short of \$55000 down payment by 55000 – 54183.13 =\$816.87