Question
Use the table to solve the following problem. Round to the nearest cent. Jenny Sherrer has $ 29,000 to invest and believes that she will
Use the table to solve the following problem. Round to the nearest cent.
Jenny Sherrer has $ 29,000 to invest and believes that she will earn 8% compounded semiannually. Find the compound amounts if she invests for 4 years and for 8 years. Then find the additional amount earned due to the longer period.
| $ 14,627.89 | |
| $ 5,762.59 | |
| $ 45,675.29 | |
| $ 20,390.48 |
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Cengage Learnings Online General Ledger For Heintz/parrys College Accounting, 2, 2 Terms (12 Months)
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669991, 9781305669994
