Question
Find the future value and interest earned if $8906.54 is invested for 7 years at 6% compounded (a) semiannually and (b) continuously. (a) The future
Find the future value and interest earned if $8906.54 is invested for 7 years at 6% compounded (a) semiannually and (b) continuously.
(a) The future value when interest is compounded semiannually is approximately $_____
.
(nteger or decimal rounded to the nearest hundredth asneeded.)
The interest earned is approximately $_____
.
(an integer or decimal rounded to the nearest hundredth asneeded.)
(b) The future value when interest is compounded continuously is approximately $______
.
(an integer or decimal rounded to the nearest hundredth asneeded.)
The interest earned is approximately $_____
.
( an integer or decimal rounded to the nearest hundredth asneeded.)
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Finite Geometry And Combinatorics
Authors: F De Clerck ,J Hirschfeld
1st Edition
0521448506, 978-0521448505
