Question
If $31,500 is invested at 6.7% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to
If $31,500 is invested at 6.7% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)
(a) annually $
(b) semiannually $
(c) quarterly $
(d) monthly $
(e) daily (N = 360) $
(f) every minute (N = 525,600) $
(g) continuously $
(h) simple (not compounded) $
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
