Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you put $8685 in an investment that returns 0.097 APR compounded monthly, what would you have after 8 years? Instruction: Round to the nearest

If you put $8685 in an investment that returns 0.097 APR compounded monthly, what would you have after 8 years? Instruction: Round to the nearest whole number. E.g., if your answer is 40.24, you should type ONLY the number 40, neither 40.24, 40.2, nor 41. Otherwise, Blackboard will treat it as a wrong answer.
image text in transcribed
If you put $8685 in an investment that returns 0.097 APR compounded monthly, what would you have after 8 years? Instruction: Round to the nearest whole number. E.g., if your answer is 40.24 , you should type ONLY the number 40, neither 40.24 , 40.2, nor 41. Otherwise, Blackboarc will treat it as a wrong

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

The Option Trader Handbook

Authors: George Jabbour

2nd Edition

0470481617, 978-0470481615

More Books

Students also viewed these Finance questions