Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. find the value of $15,000 at the end of one year i

Find the value of $15,000 at the end of one year if it is invested...

60.1K

Verified Solution

Question

Basic Math

image

Find the value of $15,000 at the end of one year if it is invested in an account that has an interest rate of 3.60% and is compounded in accordance with the rules below.a. compounded monthlyb. compounded daily (assuming a 365-day year)c. compounded quarterlya. What is the value if the money is compounded monthly?(Do not round until the final answer. Then round to the nearest cent as needed.)b.What is the value if the money is compounded daily?$(Do not round until the final answer. Then round to the nearest cent as needed.)c. What is the value if the money is compounded quarterly?$(Do not round until the final answer. Then round to the nearest cent as needed.)

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

Biology
1.2K views

This chapter discusses the different types of research design and you have read about them as...

Chemistry
1.2K views

Polonium crystallizes with a simple cubic structure. It has a density of 9.3 g/cm^3 , a...

Psychology
1.2K views

How does data from testing and assessment practices are shared with the parents and students. Give example

Physics
1.2K views

Suppose that an event occurs in the reference frame S with coordinates x = 2m, y...

Basic Math
1.2K views

Differentiate between correlation and causality. Give an example to illustrate the difference.

Biology
1.2K views

Which agency implements laws to protect Florida s surface waters OOSHA OFDEP O FDA

Physics
1.2K views

A compound microscope has a magnification of 30 when final image is formed at 25...

Accounting
1.2K views

6. Temporary differences arise when revenues or gains are included in pretax financial income ...

Accounting
1.2K views

Grayton Industries purchased supplies for $1,200. They paid $500 in cash and agreed to pay...

Accounting
1.2K views

Multiple choice When making decisons, what qualitative items need to be considered? Quality Timing Both...

Accounting
1.2K views

ABC Company reported actual operating income for the current year as $100,000. The flexible budget...

Accounting
1.2K views

I'm having trouble how to do these adjusting entries. 1) The 50,000 note payable was...