SOLUTION: If 27300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. Annual= Semi

Algebra.Com
Question 1035123: If 27300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Annual=
Semiannual=

Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
If 27300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Annual --> 5 periods, 6% per period
FV = 27300*(1 + 0.06)^5
------------
Semiannual --> 10 periods, 3% per period
FV = 27300*(1 + 0.03)^10

RELATED QUESTIONS

If 27300 dollars is invested at an interest rate of 6 percent per year, find the value of (answered by solver91311)
If 6400 dollars is invested at an interest rate of 5 percent per year, find the value of... (answered by solver91311)
If 27200 dollars is invested at an interest rate of 10 percent per year, find the value... (answered by Boreal)
If 28300 dollars is invested at an interest rate of 9 percent per year, find the value of (answered by math_tutor2020,ikleyn)
If 14,100 dollars is invested at an interest rate of 7 percent per year, find the value... (answered by ikleyn)
If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of... (answered by addingup,MathTherapy)
If 27600 dollars is invested at an interest rate of 10 percent per year, find the value... (answered by Theo)
If 25,000 dollars is invested at an interest rate of 9 percent per year, find the value... (answered by Boreal)
Please help me I have tried to figure out the amount for daily but all my answers was... (answered by Boreal,MathLover1)