SOLUTION: Compound Interest: Suppose $4,000 is invested in each account below. In each case find the amount of money in the account at the end of 10 years?
Annual interest rate = 4%, com
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-> SOLUTION: Compound Interest: Suppose $4,000 is invested in each account below. In each case find the amount of money in the account at the end of 10 years?
Annual interest rate = 4%, com
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Question 1024813: Compound Interest: Suppose $4,000 is invested in each account below. In each case find the amount of money in the account at the end of 10 years?
Annual interest rate = 4%, compounded quarterly
Annual interest rate = 5%, compounded quarterly
Annual interest rate = 6%, compounded quarterly
Annual interest rate = 7%, compounded quarterly Answer by solver91311(24713) (Show Source):
Where is the final value of the investment of dollars at percent interest compounded times per year for years. Plug in the numbers and do the arithmetic.
John
My calculator said it, I believe it, that settles it
