ZuoTi.Pro
Question

Adams Spear invested $16,000 today in a fund that earns 8% compounded annually. Click here to...

Adams Spear invested $16,000 today in a fund that earns 8% compounded annually.

Click here to view factor tables

To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 8% annual interest $

Investment at 8% annual interest, compounded semiannually $

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

(1+i)^n interest Rate Periods Future Value 16,000 Investment 8$ Compound Annualy at 8% 3Years 1.25971 i-8% , n= 3 20155 16000

1 0
Add a comment
Know the answer?
Add Answer to:
Adams Spear invested $16,000 today in a fund that earns 8% compounded annually. Click here to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Joseph Spear invested $19,000 today in a fund that earns 8% compounded annually. Click here to...

    Joseph Spear invested $19,000 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places...

  • Newman Spear invested $18,300 today in a fund that earns 12% compounded annually. Click here to...

    Newman Spear invested $18,300 today in a fund that earns 12% compounded annually. Click here to view factor tables To what amount will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 12% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 12% annual interest $enter a dollar amount rounded to 0 decimal places...

  • Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually....

    Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decímal places, e.g. 458,581.) Investment at 8% annual interest investment at 8% annual interest, compounded...

  • Cindy Alvarez is investing $370,400 in a fund that earns 8% interest compounded annually. Click here...

    Cindy Alvarez is investing $370,400 in a fund that earns 8% interest compounded annually. Click here to view factor tables What equal amounts can Cindy withdraw at the end of each of the next 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

  • Carla Alvarez is investing $395,500 in a fund that earns 9% interest compounded annually. Click here...

    Carla Alvarez is investing $395,500 in a fund that earns 9% interest compounded annually. Click here to view factor tables What equal amounts can Carla withdraw at the end of each of the next 14 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals

  • Exercise 6-2 Chris Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing...

    Exercise 6-2 Chris Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Chris withdraws the accumulated amount of money. Compute the amount Chris would withdraw assuming the investment earns simple interest. (Round answers to decimal places, e.g. 458,581.) Total withdrawn LINK TO TEXT LINK TO TEXT Click here to view factor tables Compute the amount Chris would withdraw assuming the investment earns...

  • Brief Exercise 6-2 Steve Bautista needs $28,800 in 4 years. Click here to view factor tables...

    Brief Exercise 6-2 Steve Bautista needs $28,800 in 4 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $ Investment at 8% annual interest, compounded quarterly $

  • Daniel Bautista needs $21,000 in 6 years. Click here to view factor tables What amount must...

    Daniel Bautista needs $21,000 in 6 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 8% annual interest, compounded quarterly $enter...

  • Exercise 6-2 Leon Jackson invests $44,300 at 8% annual interest, leaving the money invested without withdrawing...

    Exercise 6-2 Leon Jackson invests $44,300 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Leon withdraws the accumulated amount of money. Compute the amount Leon would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Total withdrawn $enter total withdrawn in dollars rounded to 0 decimal places LINK TO TEXT LINK TO TEXT LINK TO VIDEO Click here...

  • Edward Bautista needs $24,000 in 5 years. Click here to view factor tables What amount must...

    Edward Bautista needs $24,000 in 5 years. Click here to view factor tables What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, eg. 458,581.) Investment at 12% annual interest Investment at 12% annual Interest, compounded quarterly

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT