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please provide workings and answers for the following Find the future value in five years of an investment of $103,000 made today that earns 5.50
please provide workings and answers for the following
Find the future value in five years of an investment of $103,000 made today that earns 5.50 percent for the following compounding periods: (Round your final answer to the nearest penny.) Value of investment after 5 years a. Quarterly 543,325 b. Monthly $ 543,325 c. Daily $ 543,325 d. Continuous $ 28325 You decide to take advantage of the current online dating craze and start your own web site. You know that you have 250 people who will sign up immediately and through a careful marketing research and analysis, you determine that membership can grow by 32 percent in the first two years, 21 percent in year 3, and 18 percent in year 4. How many members do you expect to have at the end of four years? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest whole number.) Number of members in year 4 586Step by Step Solution
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