SOLUTION: If $12,000 is invested at 4.5% for 20 years, find the future value of the interest is compounded semiannually, quarterly, monthly, and continuously

Algebra ->  Test -> SOLUTION: If $12,000 is invested at 4.5% for 20 years, find the future value of the interest is compounded semiannually, quarterly, monthly, and continuously      Log On


   

Question 1159188: If $12,000 is invested at 4.5% for 20 years, find the future value of the interest is compounded semiannually, quarterly, monthly, and continuously
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

You can do this assignment ON YOUR OWN, if you read the theory and examples from the lessons
    - Compound interest percentage problems
    - Problems on discretely compound accounts
    - Problems on continuously compound accounts
in this site.

Moreover, if you learn the subject from these lessons, you will become an EXPERT in solving such problems (!)

You may report me about your progress by presenting your solutions, one after another.

Or "another after one" --- on your choice . . .