FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the future value and interest earned if 8706 54 is invested for 8 years at 6 compounded a semiannually and b continuously a The

image text in transcribed
image text in transcribed

Find the future value and interest earned if 8706 54 is invested for 8 years at 6 compounded a semiannually and b continuously a The future value when interest is compounded semiannually is approximately Type an integer or decimal rounded to the nearest hundredth as needed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics Elementary And Beyond

Discrete Mathematics Elementary And Beyond

Authors: L Lovasz, J Pelikan, K L Vesztergombi

1st Edition

6610010021, 9786610010028

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Bobby is a baseball player who earns $1 million a year playing for team X. If he werent playing baseball for team X, he would be playing baseball for team Y and earning $800,000 per year. If he...

Answered: 1 week ago

Question

★★★★★
Which of the following diagrams represent diatomic molecules, polyatomic molecules, molecules that are not compounds, molecules that are compounds, or an elemental form of the substance? (b) (c)

Answered: 1 week ago

Question

★★★★★
Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2018, for $736,480 cash. At the acquisition date, Sierra's total fair value, including the...

Answered: 1 week ago

Question

★★★★★
Am I just skimming over the problem?

Answered: 1 week ago

Question

★★★★★
Journal entries for the allowance method. Data related to sales on accounts of Health Company for its first three year of operations, 2006-2008 appear next: Heath Company estimates that 3% of sales...

Answered: 1 week ago

Question

★★★★★
Connect Assignment # 6 ( Chapter 2 ) Due 3 1 March 2 0 2 4 ( i ) Help Save & Exit Submn 1 0 0 . 5 8 points cash flow for 2 0 2 2 respectively in millions? Multiple Choice References $ 2 7 0 7 , $ 1 0...

Answered: 1 week ago

Question

★★★★★
The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. Required: Calculate...

Answered: 1 week ago

Question

★★★★★
On January 1, 2014, Pardy Corporation acquired a 70% interest in the common stock of Salter Corporation for $7,000,000 when Salter's stockholders' equity was as follows: 10% cumulative,...

Answered: 1 week ago

Question

★★★★★
Julio is a teller at the bank. He will be given the opportunity to work with new customers at the business development desk every Friday. Which job enrichment approach is Julio involved in? Job...

Answered: 1 week ago

Question

★★★★★
coefficients A variable n(t) is described by a first-order linear differential equation with constant dn(t) T +n(t) = n dt where 7 and no are constants. Let n(0) = no. a) Fort > 0, determine an...

Answered: 1 week ago

Question

★★★★★
Mortgage Payoff: You take out a 30-year fixed rate mortgage for a house. The amount borrowed is $300,000. The interest rate is 4% per year compounded monthly. You decide to sell the house immediately...

Answered: 1 week ago

Question

★★★★★
A community hospital system realized that approximately 2,000 patients were leaving its emergency department (ED) each year without receiving medical attention. This hospital system realized that...

Answered: 1 week ago

Question

★★★★★
Describe what a quality control activity might look like at a t-shirt manufacturing factory. (LO3.3)

Answered: 1 week ago

Question

★★★★★
About how many accounting specialists are employed by the FBI? O 250 500 O 1000 O 2000 About how many accounting specialists are employed by the FBI? 250 500 1000 2000 About how many accounting...

Answered: 1 week ago

Question

★★★★★
Suppose that the laptop of Prob. 2.16 is placed in an insulating briefcase with a fully charged battery, but it does not go into sleep mode, and the battery discharges as if the laptop were in use....

Answered: 1 week ago

Question

★★★★★
Visit the UN Consolidated Appeals Process (CAP) website at http://ochaonline.un.org/humanitarianappeal/ . Navigate into the appropriate hyperlinks. Make a list of each emergency, and determine what...

Answered: 1 week ago

Question

★★★★★
What is the goal of emergency management in regards to the terrorism threat?

Answered: 1 week ago

Question

★★★★★
What are the five groups that must be fully engaged in the nation's war on terrorism?

Answered: 1 week ago

Previous Question Next Question