Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. ?(compound interest?) to what amount will the foll

?(Compound interest?) To what amount will the following investments? accumulate? a. ?$4,900 invested for 10 years at...

80.2K

Verified Solution

Question

Finance

?(Compound interest?) To what amount will the followinginvestments? accumulate?
a. ?$4,900 invested for 10 years at 10 percent compoundedannually.
b. ?$8,200 invested for 8 years at 9 percent compoundedannually.
c. ?$785 invested for 11 years at 12 percent compoundedannually.
d. ?$21,000 invested for 4 years at 6 percent compoundedannually.

Answer & Explanation Solved by verified expert
4.2 Ratings (901 Votes)
The formula of Future Amount of Principal compounded annuallyishere A is the future value of principal amount P which iscompounded at an interest    See Answer
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

?(Compound interest?) To what amount will the followinginvestments? accumulate?a. ?$4,900 invested for 10 years at 10 percent compoundedannually.b. ?$8,200 invested for 8 years at 9 percent compoundedannually.c. ?$785 invested for 11 years at 12 percent compoundedannually.d. ?$21,000 invested for 4 years at 6 percent compoundedannually.

Other questions asked by students

Q

Evaluate lim x approaches 0+ x^x^x

Basic Math
Q

What is the difference between the retail or client market and the wholesale or interbank market...

Finance
Q

Which phase s of cellular respiration release carbon dioxide as a waste product Glycolysis and...

Biology
Q

Question Transform orthogonal set 2 1 0 to

Basic Math
Q

Determine the Cartesian equation of the plane 0 0 3 1 4 2 1 5...

Calculus
Q

Sales reported on the income statement were $779,000. The accounts receivable balance decreased $48,000 over...

Accounting
Q

If you were running a business and needed more cash, would you take out a...

Accounting
Q

Sunland Company issued $700000 of 8%, 5-year bonds at 106, which pay interest annually. Assuming...

Accounting
Q

Discuss the impact of the pro forma financial statements for predicting ability to meet future...

Accounting
Q

Need answers for both this is a Multistep question. All of the following represent...

Accounting
Q

What is 5.32 rounded to the nearest whole number

Finance
Q

You are given the following joint probability distribution of returns: State of Economy Probability of...

Finance