please solve (d), (e ), (f)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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please solve (d), (e ), (f)
If $33,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest
cent.)
(a) annually
$241091.7 X
(b) semiannually
$ 249044.6
(c) quarterly
$ 253255.66
(d) monthly
$ 256156.14
(e) daily (n = 365)
$ 257585.8
(f) every minute (n = 525,600)
$ 257635.37
(g) continuously
$ 257635.4
(h) simple (not compounded)
$ 68340
Transcribed Image Text:If $33,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.) (a) annually $241091.7 X (b) semiannually $ 249044.6 (c) quarterly $ 253255.66 (d) monthly $ 256156.14 (e) daily (n = 365) $ 257585.8 (f) every minute (n = 525,600) $ 257635.37 (g) continuously $ 257635.4 (h) simple (not compounded) $ 68340
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