Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. n calculate the future value of $8,000 in a. f

n Calculate the future value of $8,000 in a. Four years...

50.1K

Verified Solution

Question

Accounting

n
image
Calculate the future value of $8,000 in a. Four years at an interest rate of 8% per year. b. Eight years at an interest rate of 8% per year. c. Four years at an interest rate of 16% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 8% per year. The future value of $8,000 in 4 years at an interest rate of 8% per year is $ . (Round to the nearest dollar.)

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

44. Which media/tests can be used to exhibit gas production? Citrate PRG TSI A and B B and C

General Management
1.2K views

Discuss two questions raised by the manager of route strategy of American Airlines: Why should an...

Calculus
1.2K views

Find the area of the region enclosed by the curve a 14 cos t 7...

Algebra
1.2K views

4 If the probability that an event will occur is favor of the event occurring...

Accounting
1.2K views

The first production department of Stone Incorporated reports the following for April. ...

Accounting
1.2K views

Use the following information for the Quick Study below. (Algo) [The following information...

Accounting
1.2K views

PSa 3-11 Populate Employee Earnings Records (#2) Complete the federal withholding tax (wage-bracket...

Accounting
1.2K views

I don't have a question, if you could help me about conclusion and recommendation about...

Accounting
1.2K views

Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing...

Finance
1.2K views

Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.625%....

Finance
1.2K views

4. Free cash flow and financial statements The primary objective of the corporate management team...

Finance
1.2K views

Sally would like to invest his money into a savings account that pays 7% compound...