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Find the future value and interest earned if $8704.56 is invested for 8 years at 5% compounded (a) semiannually and (b)
Posted: Mon Jul 11, 2022 10:33 am
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 (216.59 KiB) Viewed 35 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 $