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QUESTION 3 a. $1,195.62 Answer each question by matching each problem with its respective future value answer. What is the future value of $1,000 invested
QUESTION 3 a. $1,195.62 Answer each question by matching each problem with its respective future value answer. What is the future value of $1,000 invested today for 3 years. If the investment earns 696 APR, and the interest is compounded annually? What is the future value of $1,000 invested today for 3 years. If the investment earns 69 APR. and the interest is compounded semi-annually? What is the future value of $1,000 invested today for 3 years, if the investment earns 6% APR, and the interest is compounded quarterly? What is the future value of $1,000 invested today for 3 years, if the investment earns 69 APR, and the interest is compounded monthly? b. $1.196.68 c. $1.191.02 d. $1,194.05
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