- 2 0 3p Today You Deposit C1000 0 On A Savings Account Which Ylelds A Stated Annual Rate Of 40 Per Annum You Park You 1 (65.11 KiB) Viewed 29 times
2 0.3p Today, you deposit C1000 0 on a savings account which ylelds a 'Stated Annual Rate of 40% per annum. You park your money for 70 years а What is the future value (in 7.0 years) if the interest is compounded annually? Round your final answer to two decimal places, ignore the currency sign, do not use a thousands operator, and use a decimal point (not a comma) Example You calculate a future value of €1,23456789 and now give in: 123457 27 Answer 0.35pb What is the future value (in 7.0 years) if the interest is compounded monthly? Round your final answer to two decimal places; ignore the currency sign, do not use a thousands operator and use a decimal point (not a comma). Example You calculate a future value of 01.234.56789 and now give in: 1234.57 Answer 0.35pc What is the future value (in 7.0 years) if the interest is compounded continuously? Round your final answer to two decimal places, ignore the currency sign, do not use a thousands operator, and use a decimal point (not a comma) Example You calculate a future value of €1,234.56789 and now give in: 1234.57 Answer