![hellomlatasha7134](/avatars/739.jpg)
hellomlatasha7134
23.11.2019 •
Business
Find the accumulated value of an investment of $ 10 comma 000 for 3 years at an interest rate of 6 % if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously.
Solved
Show answers
More tips
- C Computers and Internet Are there special gaming mice?...
- L Leisure and Entertainment When will Maslenitsa start?...
- F Food and Cooking Discovering the Mysterious Fruit of Feijoa...
- B Business and Finance How to Open an Online Store? A Detailed Guide for Beginners...
- W Work and Career How to Write a Resume That Catches the Employer s Attention?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
Answers on questions: Business
- B Biology Which stage is the dominant stage in mosses? A. Sporophyte B. Spores C. Gametophyte D. Gametes...
- M Mathematics The mean number of years of marriage preceding divorce is 7. The median number of years is 6. Most divorces occur, however, either at 3 years of marriage or at 22 years....
- B Business At what age do children gain an understanding of the universality and finality of death?...
- P Physics 5. a person fishing from a pier observes that four wave crests pass by in 7.0 s and estimates that the distance between two successive crests is 4.0 m. the timing starts...
Ответ:
a) $11,940.52
b) $11,956.18
c) $11,966.81
d) $11,910.16
Explanation:
Given:
Investment amount = $10,000
Time = 3 years
Interest rate = 6%
Now,
Amount =![P\times(1+\frac{r}{n})^{nt}](/tpl/images/0387/4415/7b034.png)
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
Thus,
a) compounded semiannually
n = 2
Amount = $10000 × 1.03⁶
or
Amount = $11,940.52
b) compounded quarterly
n = 4
Amount = $10000 × 1.015¹²
or
Amount = $11,956.18
c) compounded monthly
n = 12
Amount = $10000 × 1.00536³⁶
or
Amount = $11,966.81
d) compounded continuously
n = 12
Amount = $10000 × 1.06³
or
Amount = $11,910.16
Ответ:
HELL