Author Question: Find the future value of an investment of P = $4575.50 compounded annually with a 7.25% APR for a ... (Read 106 times)

roselinechinyere27m · **on:** May 5, 2020

Question 1

Find the future value of an investment of P = $5000 compounded annually with a 4% APR for a term of five years. Round your answer to the nearest cent.
◦ $6038.26
◦ $6083.26
◦ $6077.53
◦ $6230.91
◦ $5849.29

Question 2

Find the future value of an investment of P = $4575.50 compounded annually with a 7.25% APR for a term of three years. Round your answer to the nearest cent.
◦ $5643.95
◦ $5568.25
◦ $5684.13
◦ $5644.56
◦ $5489.74

javimendoza7 · **Reply #1 on:** May 5, 2020

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