What is the future value of $4600 invested for 5 years at 7.3 percent compounded...
60.1K
Verified Solution
Link Copied!
Question
Finance
What is the future value of $4600 invested for 5 years at 7.3 percent compounded annually? Round to the nearest penny. Your Answer: Answer Question 4 (1 point) Penny has $15,000 in her savings account today. Penny opened the account exactly 7 years ago with a $10,000 deposit. Penny has made no other deposits or withdrawals. What annual interest rate (compounded annually) has the account earned? Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43% ) Your
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.