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Mathematics Clinic => Grade 11 and 12 Mathematics => Topic started by: Themember4 on Jun 6, 2019

Title: Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded ...
Post by: Themember4 on Jun 6, 2019

Question 1

Calculate the accumulated value of $1000.00 at 8% compounded monthly for 12 years.
◦ $2600.39
◦ $2003.39
◦ $603.39
◦ $1603.39
◦ $2603.39

Question 2

Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded quarterly for 3 years and 10 months.
◦ $5888.75
◦ $5819.75
◦ $5919.75
◦ $5891.75
◦ $5875.91

Title: Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded ...
Post by: EAN94 on Jun 6, 2019

Answer 1

$2603.39

Answer 2

$5819.75

Title: Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded ...
Post by: Themember4 on Jun 6, 2019

Thanks

Title: Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded ...
Post by: EAN94 on Jun 6, 2019

Welcome :)

Title: Re: Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded ...
Post by: Jason Akon on Oct 21, 2022

THANK YOU!