Question
6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value: 16,383.44 ? 16,625.25 ? 16,935.25 ? 17,028.60? 7. $7,500.00 deposited
6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value:
- 16,383.44 ?
- 16,625.25 ?
- 16,935.25 ?
- 17,028.60?
7. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the interest factor:
a. 2.4236
b. 2.1845
c. 2.0325
d. 1.9275
9. 7,500.00 deposited in an account earning 10.26% for 8 years, compounded weekly. Calculate the future value
a. 16,383.44
b. 16,625.25
c. 16,935.25
d. 17,028.60
Step by Step Solution
3.46 Rating (140 Votes )
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below To calculate the future value interest ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Analysis Synthesis And Design Of Chemical Processes
Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting
5th Edition
0134177401, 978-0134177403
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App