On December 3, 2019 a sum of $36,700.00 was deposited into an account. What would be the future value of this sum of money on May 26, 2024, if the interest rate is 1.89% compounded annually. (1year = 365days) Round the value for FV to two decimal places.
On December 3, 2019 a sum of $36,700.00 was deposited into an account. What would be the future value of this sum of money on May 26, 2024, if the interest rate is 1.89% compounded annually. (1year = 365days) Round the value for FV to two decimal places.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
answe thanks lol
![On December 3, 2019 a sum of $36,700.00 was deposited into an account. What
would be the future value of this sum of money on May 26, 2024, if the interest rate is
1.89% compounded annually.
(1year = 365days)
Round the value for FV to two decimal places.
P/Y = 1
1.89
PV = $36700
%
C/Y = 1
PMT= $ 0
DBD =
days I/Y=
Enter an integer or decimal number [more..]
FV = $ 39,871.98X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60f3927f-f0c0-40a4-b297-3212987a64fe%2F04535645-e186-4c31-adf6-9781f6c30948%2Frkfbvio_processed.png&w=3840&q=75)
Transcribed Image Text:On December 3, 2019 a sum of $36,700.00 was deposited into an account. What
would be the future value of this sum of money on May 26, 2024, if the interest rate is
1.89% compounded annually.
(1year = 365days)
Round the value for FV to two decimal places.
P/Y = 1
1.89
PV = $36700
%
C/Y = 1
PMT= $ 0
DBD =
days I/Y=
Enter an integer or decimal number [more..]
FV = $ 39,871.98X
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
