Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. consider the future value of the following 627 at

Consider the future value of the following 627 at 5 5 compounded quarterly for 4...

70.2K

Verified Solution

Question

Basic Math

image

Consider the future value of the following 627 at 5 5 compounded quarterly for 4 years Give the future value for compound interest formula where A is the future value in dollars P is the present value in dollars r is the annual interest rate as a decimal n is the number of compounding periods each year and t is the time in years A Determine the following values P T n t Find the future value using the future value formula and a calculator Round your answer to the nearest cent

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

Statistics
1.2K views

16 points Use the values in the table below to find the following Round all...

General Management
1.2K views

How does network development relate to the work breakdown schedule (WBS)? how is the WBS related...

Biology
1.2K views

Shown below is a randomly selected internal fragment of a polypeptide i e the ends...

Statistics
1.2K views

A researcher studied iron deficiency anemia in women in each of two developing countries Differences...

Calculus
1.2K views

A particle is moving around the plane with velocity vector mathbf v t t sin...

Algebra
1.2K views

5 Rotate the points D 1 by 45 around the point po Define the affine...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Porto's Bakery installs...

Accounting
1.2K views

Comprehensive Problem 7-44 (LO 7-1, LO 7-2, LO 7-3) (Algo) Skip to question ...

Accounting
1.2K views

Interview Notes Frank and Lonnette received Form 1099-A reporting the foreclosure on their principal...

Accounting
1.2K views

October 2007 Income Statement- JDR Inc. Sales 100,000 COGS 25,000 Salary 30,000 Rent 6,500 Supplies...

Finance
1.2K views

Please show the solution. 1. Horizontal (Common-size) and Vertical (Trend) percent...

Accounting
1.2K views

Employees at your company disagree about the accounting for sales returns. The sales manager believes...