Question
David Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount will the investment
David Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 10% 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 at 10% annual interest | $enter a dollar amount rounded to 0 decimal places | |
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Investment at 10% annual interest, compounded semiannually | $enter a dollar amount rounded to 0 decimal places |
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