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 ->
Customizable Word Problem Solvers
-> Finance
-> 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
Log On
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
