Question
If $38,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to
If $38,500 is invested at 6.2% 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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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
