Question
Your grandmother just gave you $6,000. Youd like to see how much it might grow if you invest it. Calculate the future value of $6,000,
Your grandmother just gave you $6,000. Youd like to see how much it might grow if you invest it. Calculate the future value of $6,000, given that it will be invested for five years at an annual interest rate of 6 percent. Blank 1 (Please input your answer in numerical values only without any decimal place, comma or dollar sign. For example if your answer is $,3000 input it as 3000.)
And Recalculate part A using a compounding period that is semiannual (twice a year).
And Recalculate part A using a compounding period that is bimonthly (every two months or 6 times a year).
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