SOLUTION: 5-1B. (Compound interest) To what amount will the following investments accumulate? a. $4,000 invested for 11 years at 9 percent compounded annually b. $8,000 invested for 10 yea

Algebra ->  Finance -> SOLUTION: 5-1B. (Compound interest) To what amount will the following investments accumulate? a. $4,000 invested for 11 years at 9 percent compounded annually b. $8,000 invested for 10 yea      Log On


   

Question 421082: 5-1B. (Compound interest) To what amount will the following investments accumulate?
a. $4,000 invested for 11 years at 9 percent compounded annually
b. $8,000 invested for 10 years at 8 percent compounded annually
c. $800 invested for 12 years at 12 percent compounded annually
d. $21,000 invested for 6 years at 5 percent compounded annually

Should key the information into the excel cells below but I don't understand?
Calculating Future Values Remember to enter the correct signs. Payment and Present Value often have the opposite sign
Nbr of periods ______
Discount Rate ______
Payment Value ______
Present Value ______
Future Value ______




Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=4000(1+0.09)^11
A=4000(2.58)
A=$10,320
I can help with the problem, but not with Excel.