Question
Use the following to answer questions 1 - 4 (round to nearest whole dollar) Each of the following people below has invested the following amounts
Use the following to answer questions 1 - 4 (round to nearest whole dollar) Each of the following people below has invested the following amounts today and will keep the money invested for the next eight years. Determine the amount the investment will accumulate over the 8-year period.
Investment amount today Interest rate Compounding A $25,000 9.0% Quarterly B $25,000 9.0% Semiannually C $25,000 9.0% Monthly D $25,000 9.0% Annually
1. $__________ Determine the accumulated investment amount for As investment for the 8-year period (round to nearest dollar)?
2. $___________ Determine the accumulated investment amount for B for the 8-year period (round to nearest dollar)?
3. $__________ Determine the accumulated investment amount for C for the 8-year period (round to nearest dollar)?
4. $__________Determine the accumulated investment amount for D for the 8-year period (round to nearest dollar)?
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