Solve.If an amount of money P is invested at r% annual interest compounded n times per year, then the total value V of the money after t years is given by V = P
nt. Find the value of an ititial investment of $15,000 after four years if (a) it is invested at 1% annual interest compounded yearly.(b) it is invested at 6% annual interest compounded quarterly.(c) it is invested at 2% annual interest compounded monthly.(d) it is invested at 4% annual interest compounded daily (use n = 360).
A. (a) $14,816.92,
(b) $18,650.02,
(c) $15,733.28,
(d) $16,781.88
B. (a) $15,622.98,
(b) $19,194.76,
(c) $16,396.89,
(d) $17,635.72
C. (a) $15,609.06,
(b) $19,034.78,
(c) $16,248.22,
(d) $17,602.51
D. (a) $16,637.,92,
(b) $20,588.01,
(c) $16,328.46,
(d) $17,629.76
Answer: C
You might also like to view...
Find Dxy. y = e(5 - 8x)
A. e-8 B. 5e(5 - 8x) C. -8e(5 - 8x) D. -8 ln (5 - 8x)
A deck of cards contains 52 cards. These cards consist of four suits (hearts, spades, clubs, and diamonds) of each of the following: 2, 3, 4, 5, 6, 7, 8, 9, 10, jack, queen, king, and ace. If a card is chosen from a deck of cards, find the probability of each event.Selecting a queen
A. 
B. 
C. 
D. 
Give all possible rational zeros for the polynomial.f(x) = 2x3 - 5x2 + 7x - 23
A. ±1, ±2, ±23, ± 
B. ±1, ± 
, ±2, ± 
C. ±1, ±2, ±23
D. ±1, ±23, ± 
, ± 
Select the graph of the function. (Include two full periods.) ? y = sin 2x ?
A. 
B. 
C. 
D. 
E. 