Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of 4% per year compounded yearly. 1) $4,000,000.00 2) $4,502,358.76 3) $4,537,271.93 4) $4,555,297.00
Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of 4% per year compounded yearly. 1) $4,000,000.00 2) $4,502,358.76 3) $4,537,271.93 4) $4,555,297.00
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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How to calculate this?
![Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of
4% per year compounded yearly.
O 1) $4,000,000.00
2) $4,502,358.76
O 3) $4,537,271.93
O 4) $4,555,297.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa0d47d67-f09f-4080-80c9-f4d0c018e3f5%2Fab85f5d8-09e2-4971-bb06-be044c192fdd%2Fr8798vw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of
4% per year compounded yearly.
O 1) $4,000,000.00
2) $4,502,358.76
O 3) $4,537,271.93
O 4) $4,555,297.00
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