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Chris Spear invested $15,000today in a fund that earns8% compounded annually. To what amount will the investment grow in3years? To what amount would the investment
Chris Spear invested $15,000today in a fund that earns8% compounded annually.
To what amount will the investment grow in3years? To what amount would the investment grow in3years if the fund earns8% annual interest compounded semiannually?(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Investment at8% annual interest $______?
Investment at8% annual interest, compounded semiannually $_____________?
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