2.If $3,000 is invested at 6% compounded quarterly, what is theamount after 8 years? Round your answer two decimal places.Answer: 1.Find the accumulated value of an investment of $10,000 for 5years at an interest rate of 5.5% if the money is compoundedquarterly.Enter Formula needed to solve this problem: A =Interest Rate: Enter as a decimal.Compounding Periods per year:Accumulated Value:

As per guidelines, I can answer only one question. Since you have asked for multiple, so I did…

Answered: 2.If $3,000 is invested at 6%…

2.If $3,000 is invested at 6% compounded quarterly, what is the amount after 8 years? Round your answer two decimal places.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

2.If $3,000 is invested at 6% compounded quarterly, what is the
amount after 8 years? Round your answer two decimal places.
Answer:

1.Find the accumulated value of an investment of $10,000 for 5
years at an interest rate of 5.5% if the money is compounded
quarterly.
Enter Formula needed to solve this problem: A =
Interest Rate: Enter as a decimal.
Compounding Periods per year:
Accumulated Value:

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