Find the compound amount for the deposit and the amount of interest earned. $8900 at 8.7% compounded quarterly for 8 years The compound amount after 8 years is $. (Do not round until the final answer. Then round to the nearest cent as needed.)

Find the compound amount for the deposit and the amount of interest earned. $8900 at 8.7% compounded quarterly for 8 years The compound amount after 8 years is $. (Do not round until the final answer. Then round to the nearest cent as needed.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 5RE: Next Level Potter wishes to deposit a sum that at 12% interest, compounded semiannually, will permit...

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Find the compound amount for the deposit and the amount of interest earned.
$8900 at 8.7% compounded quarterly for 8 years
The compound amount after 8 years is $
(Do not round until the final answer. Then round to the nearest cent as needed.)

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