Compound interest) To what amount will the following investments accumulate? a. $4,900 invested for 9 years at 10 percent compounded annually. b. $8,100 invested for 6 years at 9 percent compounded annually. c. $750 invested for 11 years at 13 percent compounded annually. d. $21,000 invested for 5 years at 4 percent compounded annually.
Compound interest) To what amount will the following investments accumulate? a. $4,900 invested for 9 years at 10 percent compounded annually. b. $8,100 invested for 6 years at 9 percent compounded annually. c. $750 invested for 11 years at 13 percent compounded annually. d. $21,000 invested for 5 years at 4 percent compounded annually.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
(Compound
interest)
To what amount will the following investments accumulate?a.
$4,900
invested for
9
years at
10
percent compounded annually.b.
$8,100
invested for
6
years at
9
percent compounded annually.c.
$750
invested for
11
years at
13
percent compounded annually.d.
$21,000
invested for
5
years at
4
percent compounded annually.a. To what amount will
$4,900
invested for
9
years at
10
percent compounded annually accumulate?$nothing
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