E] F] An amount of $3000 is invested at 4.2% compounded annually for 10 years. What will be the value of the investment after 10 years? Answer:$4526.87 An amount of $10000 is growing at 3% compounded quarterly. What will be the amount after 5 years? Answer: $11611.84

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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E]
F]
An amount of $3000 is invested at 4.2% compounded annually for 10 years. What will be the
value of the investment after 10 years? Answer: $4526.87
An amount of $10000 is growing at 3% compounded quarterly. What will be the amount after 5
years? Answer: $11611.84
Transcribed Image Text:E] F] An amount of $3000 is invested at 4.2% compounded annually for 10 years. What will be the value of the investment after 10 years? Answer: $4526.87 An amount of $10000 is growing at 3% compounded quarterly. What will be the amount after 5 years? Answer: $11611.84
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