This topic contains a solution. Click here to go to the answer

Author Question: The future value of 200 received today and deposited for three years in an account which pays ... (Read 145 times)

notis

  • Hero Member
  • *****
  • Posts: 596
The future value of 200 received today and deposited for three years in an account which pays semiannual interest of 8 percent is:
 
  A) 253
  B) 252
  C) 158
  D) 134
  E) 248

Question 2

The future value of a 10,000 annuity deposited at 12 percent compounded annually for each of next 5 years is: (Round to the nearest whole dollar)
 
  A) 36,050
  B) 71,154
  C) 40,376
  D) 63,528



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

A

Answer to Question 2

D




notis

  • Member
  • Posts: 596
Reply 2 on: Jul 10, 2018
Wow, this really help


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

For a complete list of videos, visit our video library