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

Question

1 Approved Answer

Matthew Spear invested $14,000 today in a fund that earns 12% compounded annually. Click here to view factor tables. To what amount will the investment

image text in transcribed
Matthew Spear invested $14,000 today in a fund that earns 12% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 12% annual interest compounded semiannually? (Round factor values to 5 decimal ploces, es. 1.25124 and final answers to 0 decimal places, eg 458,581 ) Investment at 12% annual interest Investment at 12% annual interest, compounded semiannually Matthew Spear invested $14,000 today in a fund that earns 12% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 12% annual interest compounded semiannually? (Round factor values to 5 decimal ploces, es. 1.25124 and final answers to 0 decimal places, eg 458,581 ) Investment at 12% annual interest Investment at 12% annual interest, compounded semiannually

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_2

Step: 3

blur-text-image_3

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

Bookkeeping And Accounting

Bookkeeping And Accounting

Authors: Greg Shields

1st Edition

1983673536, 978-1983673535

More Books

Students also viewed these Accounting questions

Question

★★★★★
Approximate the following integrals using Gaussian quadrature with n = 2, and compare your results to the exact values of the integrals. a2 Inxdx r e dx 2-4 pd x2 sin x dx esin 2x dr 4 3.5 4 (cos...

Answered: 1 week ago

Question

★★★★★
What can employers do to reduce or respond to workplace violence, and to more generalized dangers such as natural disasters or terrorist incidents? AppendixLO1

Answered: 1 week ago

Question

★★★★★
Explain why economists sometimes use religion to explain financial and investment decisions.

Answered: 1 week ago

Question

★★★★★
On Brenda Sniezeks first day of work for the Kansas City Chiefs Football Club, she signed a document that purported to compel arbitration of any disputes that she might have with the Chiefs. In the...

Answered: 1 week ago

Question

★★★★★
Consider a CMBS backed by a 8 0 % LTV loan of a $ 5 0 , 0 0 0 , 0 0 0 office building. The loan is interest only with an 8 % mortgage rate issued for 3 years with monthly payments. The CMBS is issued...

Answered: 1 week ago

Question

★★★★★
Oriole Corporation earned net income of $200,000 in 2020 and had 91,000 common shares outstanding throughout the year. Also outstanding all year was $740,000 of 10% bonds that are convertible into...

Answered: 1 week ago

Question

★★★★★
What corrections would need to be made to the legal citation Doniphan v. Restler, 489 Conn. Cir. 522 (1983)?

Answered: 1 week ago

Question

★★★★★
Research the "Span of Control" theory of Vytautas Andrius Graiciunas (1898-1952) a Lithuanian-French management consultant, management theorist, and engineer. and answer the following three questions...

Answered: 1 week ago

Question

★★★★★
How should you go about assigning a date to each task? a. Work backward from your project's deadline. b. Projects to be completed in two weeks or less don't usually need dates. c. Only assign dates...

Answered: 1 week ago

Question

★★★★★
A three colour spinner was spun 90 times. The outcomes are summarized in the table below: What is the experimental probability of spinning Red? Colour Frequency Blue 5n Black 30n Red 10n

Answered: 1 week ago

Question

★★★★★
Abdulah is doing a research study on anxiety and eating. He has done the same study for the last 10 years and the results are consistently the same each time. Abdulah's research study and methods...

Answered: 1 week ago

Question

★★★★★
Pose two hypothetical examples of situations in which a health care employer might legally require a polygraph (lie detector) test as a condition of either initial or continued employment.

Answered: 1 week ago

Question

★★★★★
Viewing the Family and Medical Leave Act from the perspective of a working department manager, describe the ways in which this legislation has affected a supervisors ability to manage.

Answered: 1 week ago

Question

★★★★★
What appears to have been the primary intended purpose of the Employee Retirement Income Security Act? Why was this legislation deemed to be necessary?

Answered: 1 week ago

Previous Question Next Question