As per rules I am answering the first 4 subparts of the question
1:Fv = PV*(1+r)^n
=1500*(1+0.09)^3
=1942.54
2: In case of monthly compounding
Fv = PV*(1+r)^n
=1500*(1+0.09/12)^(3*12)
=1962.97
In case of daily compounding
Fv = PV*(1+r)^n
=1500*(1+0.09/365)^(3*365)
=1964.88
Thus the amount increases with frequency of compounding.
3: At 9% interest the number of years for doubling the investment = 72/9 = 8 years
4: PV = FV/(1+r)^n
=20000/1.08^4
=$14700.60
Question 2-9 Verizon LTE 9:23 PM Back AECN 452 Ho... ue: Thursday, January 24, 2019 l....
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