Alex plans to invest 5 000 for 8 years at State Bank that offers an...

60.1K

Verified Solution

Question

Basic Math

image

Alex plans to invest 5 000 for 8 years at State Bank that offers an annual rate of 4 8 compounded continuously How much interest is earned by the end of the 8 years 2 340 73 5 000 00 7 340 73 8 213 00 Question 5 18 points Which investment would be worth the most after 15 years An initial investment of 5000 compounded semi annually at a rate of 6 after 15 years An initial investment of 5000 compounded quarterly at a rate of 5 9 after 15 years 6500

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