If $10,000 is invested at 4% compounded quarterly, what is the amount after 4 years? The...

Question

Question

business finance

Answer 1

Answer #1

Future value PVx(1+r)^n Here, 4% A Interest rate per annum B Number of years C Number of compoundings per per annum A:C Inter

*Please rate thumbs up

Answer 2

Similar Homework Help Questions

Find $600 invested at 6% compounded quarterly after a period of 2 years After 2 years,...

Find $600 invested at 6% compounded quarterly after a period of 2 years After 2 years, the investment results in$ (Round to the nearest cent as needed.) the amount that results from the given investment.
13.1.21 # $7000 is invested at 9% compounded (a) annually. (b) semiannually, or (c) quarterly, what...

13.1.21 # $7000 is invested at 9% compounded (a) annually. (b) semiannually, or (c) quarterly, what is the amount after 6 years? (a) If it is compounded annually, what is the amount after 6 years? A= $ 11739.7 (Round to the nearest cent as needed.) (b) If it is compounded semiannually, what is the amount after 6 years? A = $ 11,871.17 (Round to the nearest cent as needed.) (c) If it is compounded quarterly, what is the amount after...
Find the amount that results from the given investment. $500 invested at 9% compounded quarterly after...

Find the amount that results from the given investment. $500 invested at 9% compounded quarterly after a period of 2 years After 2 years, the investment results in $ (Round to the nearest cent as needed.)

Find the amount that results from the given investment $600 invested at 8% compounded quarterly after...

Find the amount that results from the given investment $600 invested at 8% compounded quarterly after a period of 2 years After 25 years, the investment results in s[ (Round to the nearest cent as needed.)
If $1200 is invested for x years at 8%, compounded quarterly, the future value that will...

If $1200 is invested for x years at 8%, compounded quarterly, the future value that will result is represented by the following equation. S = 1200(1.02)4x What amount will result in 4 years? (Round your answer to the nearest cent.) $
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...

Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...

Question 24 (4 points) Gordon invested $93,000 into a CD compounded quarterly with an annual interest...

Question 24 (4 points) Gordon invested $93,000 into a CD compounded quarterly with an annual interest rate of 2.65%. Determine how much money Gordon would have after 7 years. Round your answer to the nearest cent. Provide only a numerical answer (For example, if the final amount came to $5,023.97, then you would input 5023.97). Your Answer: Answer
To what amount will $5,200 invested for 9 years at 11 percent compounded annually accumulate? $5,200...

To what amount will $5,200 invested for 9 years at 11 percent compounded annually accumulate? $5,200 invested for 9 years at 11 percent compounded annually will accumulate to $________(Round to the nearest cent.)
To what amount will $4,800 invested for 9 years at 11 percent compounded annually accumulate? $4,800...

To what amount will $4,800 invested for 9 years at 11 percent compounded annually accumulate? $4,800 invested for 9 years at 11 percent compounded annually will accumulate to $nothing. (Round to the nearest cent.)

If $84,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it...

If $84,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1/2years? (Round your answer to the nearest cent.)