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Complete parts (a) and (b) below. a. If $90,000 is invested at 8%, compounded annually, find the future value in 7 years
Posted: Sat Jul 09, 2022 1:59 pm
by answerhappygod
- Complete Parts A And B Below A If 90 000 Is Invested At 8 Compounded Annually Find The Future Value In 7 Years 1 (23.39 KiB) Viewed 33 times
Complete parts (a) and (b) below. a. If $90,000 is invested at 8%, compounded annually, find the future value in 7 years. $ (Simplify your answer. Round to the nearest cent as needed.) er b. If $90,000 is invested at 8% interest, compounded continuously, the future value is $157,560.53. How does this compare to the result from part (a)? ab The amount found with compounding yields $ more. (Round to the nearest cent as needed.)