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What amount invested today would grow to $10,000 after 25 years if the investment earns answers (need work shown) a) 4% compounded annually? = 3751.17
What amount invested today would grow to $10,000 after 25 years if the investment earns
answers (need work shown)
a) 4% compounded annually? = 3751.17
b) 4% compounded semiannually? = 3715.28
c) 4% compounded quarterly? = 3697.11
d) 4% compounded monthly? = 3684.92
What principal amount will have a maturity value of $4976.68 after 27 months if it earns 4.5% compounded quarterly?
Answer (need work shown): 4,500
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