Find the future value and interest earned if $8704.56 is invested for 8 years at 5% compounded (a) semiannually and (b)

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Find the future value and interest earned if $8704.56 is invested for 8 years at 5% compounded (a) semiannually and (b)

Post by answerhappygod »

Find The Future Value And Interest Earned If 8704 56 Is Invested For 8 Years At 5 Compounded A Semiannually And B 1
Find The Future Value And Interest Earned If 8704 56 Is Invested For 8 Years At 5 Compounded A Semiannually And B 1 (216.59 KiB) Viewed 33 times
Find the future value and interest earned if $8704.56 is invested for 8 years at 5% compounded (a) semiannually and (b) continuously. (a) The future value when interest is compounded semiannually is approximately $| (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) The future value when interest is compounded continuously is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”