Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. find the compound amount and the amount of interes

Find the compound amount and the amount of interest earned by the following deposit $9,000...

80.2K

Verified Solution

Question

Finance

image
Find the compound amount and the amount of interest earned by the following deposit $9,000 at 7.61% compounded continuously for 3 years. What is the compound amount? (Round to the nearest cent.) What is the interest earned? (Round 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

Physics
1.2K views

A scuba diver training in a pool looks at his instructor as shown in the figure....

Physics
1.2K views

What are the perihelion and aphelion speeds of Mercury? What are the perihelion and aphelion distances...

Advance Math
1.2K views

If C is the part of the circle (x2)2+(y2)2=1(x2)2+(y2)2=1 in the first quadrant, find the following...

Biology
1.2K views

Figure 39 1 Which area in Figure 39 1 indicates a complete sarcomere 3 2...

Algebra
1.2K views

Complete the sentence below The domain of the logarithmic function f x log ax is...

Accounting
1.2K views

Vasquez Construction Materials Company has a payroll processing department. The payroll processing department is...

Accounting
1.2K views

Question 1 Business Transactions Date July 2020 1 Balance brought down for various accounts: 2...

Accounting
1.2K views

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market....

Accounting
1.2K views

Obtain the financial statements to a company of your choice from a year no older...

Accounting
1.2K views

Exercise 13-9 (Algo) Special Order Decision [LO13-4] Delta Company produces a single product. The cost...

Accounting
1.2K views

QUESTION 3 The following data are available: Budgeted output for the year 9 800 units...

Finance
1.2K views

A stock has an expected return of 10.93 percent. If the stock pays annual dividends...