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Please answer both questions #1 and #2. If the problem can be solved using a HP 10bII+ Financial Calculator, please include the steps used on
Please answer both questions #1 and #2. If the problem can be solved using a HP 10bII+ Financial Calculator, please include the steps used on the calculator if possible. Thank you!
#1.)
#2.)
Donald Spear invested $17,000 today in a fund that earns 8% 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 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8\% annual interest $ Investment at 8% annual interest, compounded semiannually $ George Bautista needs $24,000 in 10 years. Click here to view factor tables. What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 12% annual interest $ Investment at 12% annual interest, compounded quarterly $Step by Step Solution
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