Question 1 of 9 Calculate the future value of each of the following investments. Round the answers to the nearest cent Present Nominal Value Compounding Frequency Interest Rate $28,000 3.25% Annually $37,700 2.75% Semi-annually $14,500 6.50% Quarterly $40,000 2.25% Monthly 1. 2. 3. 4. Number of Compounding Periods 12 24 36 48 Future Value $0.00 $0.00 $0.00 $0.00
Question 1 of 9 Calculate the future value of each of the following investments. Round the answers to the nearest cent Present Nominal Value Compounding Frequency Interest Rate $28,000 3.25% Annually $37,700 2.75% Semi-annually $14,500 6.50% Quarterly $40,000 2.25% Monthly 1. 2. 3. 4. Number of Compounding Periods 12 24 36 48 Future Value $0.00 $0.00 $0.00 $0.00
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Close Date: Wed, Jun 1, 2022, 11:59 PM
Question 1 of 9
Calculate the future value of each of the following investments.
Round the answers to the nearest cent
Present Nominal
Value
Compounding
Frequency
Interest
Rate
1.
$28,000
3.25%
Annually
2.
$37,700
2.75%
Semi-annually
3. $14,500
6.50%
Quarterly
4. $40,000
2.25%
Monthly
Number of
Compounding
Periods
12
24
36
48
Future
Value
$0.00
$0.00
$0.00
$0.00
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