what would be the future value of the following $10 000 invested for 6 years at 4% compounded quarterly, and if at 1.5% compounded weekly, how much will the person have in 2 years?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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what would be the future value of the following $10 000 invested for 6 years at 4% compounded quarterly, and if at 1.5% compounded weekly, how much will the person have in 2 years? Show all work and needed asap please!

A person received $200 in birthday money. If it was invested at 1.5% compounded
weekly, how much will the person have in 2 years?
a) $200.12
b) $206.09
c) $630.50
d) $940.80
Transcribed Image Text:A person received $200 in birthday money. If it was invested at 1.5% compounded weekly, how much will the person have in 2 years? a) $200.12 b) $206.09 c) $630.50 d) $940.80
What would be the future value of the following
$10 000 invested for 6 years at 4% compounded quarterly
a) $12697.34
b) $12653.19
c) $10615.20
d) $25633.04
Transcribed Image Text:What would be the future value of the following $10 000 invested for 6 years at 4% compounded quarterly a) $12697.34 b) $12653.19 c) $10615.20 d) $25633.04
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