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An investment of $17,000 was growing at 5.75% compounded semi-annually. a. Calculate the future value of this investment
Posted: Sun Jun 05, 2022 7:31 am
by answerhappygod
- An Investment Of 17 000 Was Growing At 5 75 Compounded Semi Annually A Calculate The Future Value Of This Investment 1 (22.41 KiB) Viewed 32 times
An investment of $17,000 was growing at 5.75% compounded semi-annually. a. Calculate the future value of this investment at the end of year 1. $0.00 Round to the nearest cent b. If the interest rate changed to 6% compounded monthly at the end of year 1, calculate the future value of this investment at the end of year 4. $0.00 Round to the nearest cent c. Calculate the amount of interest earned from this investment during the 4-year period. $0.00 Round to the nearest cent