On the day of their grandchild's birth, the grandparents invest $10,000 in a fund that earns 4.5% interest compounded an
Posted: Fri Jul 08, 2022 5:33 am
- On The Day Of Their Grandchild S Birth The Grandparents Invest 10 000 In A Fund That Earns 4 5 Interest Compounded An 1 (22.59 KiB) Viewed 42 times
- On The Day Of Their Grandchild S Birth The Grandparents Invest 10 000 In A Fund That Earns 4 5 Interest Compounded An 2 (22.59 KiB) Viewed 42 times
- On The Day Of Their Grandchild S Birth The Grandparents Invest 10 000 In A Fund That Earns 4 5 Interest Compounded An 3 (13.71 KiB) Viewed 42 times
- On The Day Of Their Grandchild S Birth The Grandparents Invest 10 000 In A Fund That Earns 4 5 Interest Compounded An 4 (23.5 KiB) Viewed 42 times
Find the future value of the ordinary annuity: $503 is deposited each year at an annual rate of 7.54% compounded annually for 21 years. Enter a number rounded to two decimal places.
A person deposits $1,000 for 5 years in an account that pays 7.2% per year compounded quarterly. What is the interest rate per period? How many compounding periods are there? How much is in the account at the end of the 5 years? $ I Round to two decimal places as necessary. %