Question
a. What is the future value in six years of $1,100 invested in an account with a stated annual interest rate of 9 percent, compounded
| a. | What is the future value in six years of $1,100 invested in an account with a stated annual interest rate of 9 percent, compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| b. | What is the future value in six years of $1,100 invested in an account with a stated annual interest rate of 9 percent, compounded semiannually?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| c. | What is the future value in six years of $1,100 invested in an account with a stated annual interest rate of 9 percent, compounded monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| d. | What is the future value in six years of $1,100 invested in an account with a stated annual interest rate of 9 percent, compounded continuously?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
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Corporate Finance
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
3rd Edition
0077173635, 9780077173630
