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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

Investment at 8% annual interest, compounded semiannually
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Answer #1

А 1 Investment at 8% annual interest 2 Investment at 8% annual interest, compounded semiannually B $23,935 $24,041

calc:

А B 1 Investment at 8% annual interest |=FV(8%,3,,-19000) 2 Investment at 8% annual interest, compounded semiannually =FV(8%/

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