What is the future value of $1,565 invested for 6 years at 2.2 percent compounded quarterly? Round your answer to two decimal places.
Present value = Future value/(1+i)^n
i = interest rate per period
n= number of periods
=>
Future value = 1565 * (1+0.022/4)^24
= 1785.19
What is the future value of $1,565 invested for 6 years at 2.2 percent compounded quarterly?...
If $1200 is invested for x years at 8%, compounded quarterly, the future value that will result is represented by the following equation. S = 1200(1.02)4x What amount will result in 4 years? (Round your answer to the nearest cent.) $
a. Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ 4,207.14 b. Compute the future value of $2,000 compounded annually for 15 years at 9 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ c. Compute the future value of $2,000 compounded annually for 25 years at...
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What is the future value of $1 invested for 10 years if the 12 percent annual rate of interest is compounded quarterly? (A) $2.93 B $3.25 $3.26 $2.30
To what amount will the following investment accumulate? $2,595, invested today for 4 years at 6 percent, compounded annually. Round the answer to two decimal places.
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Juan Garza invested $108,000 10 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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