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O years if it eams 8% annum

O years if it eams 8% annum

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 1: How much would a $1350 investment be worth after 10 years if it earns 8% annum compounded annually? A-$2893,84 B-$2980.85 C-$ 2958.02 D-$ 2914.55 Question 2: How much would a $500 investment be worth after years if it earns 10% per annum compounded semi- annually? A-$ 897.93 B- $885.78 C-$ 995.28 D- $904.36 Question 3: How much would a $20 000 investment be worth after 5 years if it earms 10% per annum compounded quarterly? A- $32 577.89 B- $32 772.33 C- $32 017.97 D- $32 210.20 Question 4: How much would a $7200 investment be worth after 11 years if it earns 6% per annum compounded monthly? A- $13 907.61 B- $13 795.94 C- $14 003.26 D- $13 667.75 Question 5: How much would a $2048 investment be worth after 32 years if it earns 6.4% per annum compounded annually? A- $15 621.57 B-$15 375.55 C- $15 795.92 Page Q + 1. D- $14.909.46
Transcribed Image Text:Question 1: How much would a $1350 investment be worth after 10 years if it earns 8% annum compounded annually? A-$2893,84 B-$2980.85 C-$ 2958.02 D-$ 2914.55 Question 2: How much would a $500 investment be worth after years if it earns 10% per annum compounded semi- annually? A-$ 897.93 B- $885.78 C-$ 995.28 D- $904.36 Question 3: How much would a $20 000 investment be worth after 5 years if it earms 10% per annum compounded quarterly? A- $32 577.89 B- $32 772.33 C- $32 017.97 D- $32 210.20 Question 4: How much would a $7200 investment be worth after 11 years if it earns 6% per annum compounded monthly? A- $13 907.61 B- $13 795.94 C- $14 003.26 D- $13 667.75 Question 5: How much would a $2048 investment be worth after 32 years if it earns 6.4% per annum compounded annually? A- $15 621.57 B-$15 375.55 C- $15 795.92 Page Q + 1. D- $14.909.46
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