1. You invest $3,000 for three years at 12 percent a. What is...

80.2K

Verified Solution

Question

Finance

1. You invest $3,000 for three years at 12 percent
a. What is the value of your investment after one year?
b. What is the value of your investment after two years?
c. What is the value of your investment after three years?
d. Combine these steps using FV=PV x (1+ i)n to find the future value of $3000 in three years at 12 percent interest.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students