A 54542.16 investment matures in 6 years, 2 months. Find the maturity value if interest is...

Question

Question

Answer 1

Answer #1

Total investment - Principal amount, P= 4542.16 time, to 6 years, 2 months. lyear (6812) +2 months 12 months x x= :74 12 x=6.

Leave a comment if u have any doubt and upvote if u like it.

Thank you.

Answer 2

Similar Homework Help Questions

A $7114 22 investment matures in 6 years, 4 months. Find the maturity value if interest...

A $7114 22 investment matures in 6 years, 4 months. Find the maturity value if interest is 4.1% per annum compounded annually The maturity value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal nlaces as needed
A $7992.34 investment matures in 4 years, 10 months. Find the maturity value if interest is...

A $7992.34 investment matures in 4 years, 10 months. Find the maturity value if interest is 8.9% per annum compounded annually. The maturity value is $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is...

A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

An investment of $3200 earns interest at 4.5% per annum compounded semi-annually for three years. At...

An investment of $3200 earns interest at 4.5% per annum compounded semi-annually for three years. At that time the interest rate is changed to 4.9% compounded monthly. How much will the accumulated value be one-and-a-half years after the change? The accumulated value is $] (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
1 of 15 (0 complete) An investment of $3300 earns interest at 6.6% per annum compounded...

1 of 15 (0 complete) An investment of $3300 earns interest at 6.6% per annum compounded annually for four years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be three-and-a-half years after the change? The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ndal
Deposits of $96.00 are made at the end of every six months for 9.5 years. What...

Deposits of $96.00 are made at the end of every six months for 9.5 years. What will the deposits amount to if interest is 9% compounded semi-annually? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

7. How much interest is included in the future value of an ordinary simple annuity of...

7. How much interest is included in the future value of an ordinary simple annuity of $1,350 paid every six months at 6% compounded semi-annually if the term of the annuity is 2 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 8. Glenn has made contributions of $250 at the end of every three months into an RRSP for ten years. Interest for...
This Question:... 7 of 15 (1 complete) This Test: 50 What is the maturity value of...

This Question:... 7 of 15 (1 complete) This Test: 50 What is the maturity value of a 2-year term deposit of $6607.71 at 3.3% compounded semi-annually? How much interest did the deposit earn? The maturity value of the term deposit is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The amount of interest earned is $ (Round the final answer to the nearest cent as needed. Round...
What is the discounted value of $1327.00 paid at the end of every six months for...

What is the discounted value of $1327.00 paid at the end of every six months for 10 years if interest is 8% per annum compounded quarterly? The discounted value is $____? (Round the final answer to the nearest cent as needed. Round all intermediate values six decimal places as needed.) Please help!! !!!!! assistancr needed !!

Mr. Kinders has contributed $165.00 at the end of each three months into an RRSP paying...

Mr. Kinders has contributed $165.00 at the end of each three months into an RRSP paying 3% per annum compounded annually. How much will Mr. Kinders have in the RRSP after 12 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...