Solved

Solve by Using Compound Table

Question 21

Short Answer

Solve by using compound table. Find future value.
 Future  Principal  Rate  Time  # times Compounded per year  Value $2,0008% 2 years  Quarterly  ? \begin{array} { | l | l | l | l | l | } \hline & & & & \text { Future } \\\text { Principal } & \text { Rate } & \text { Time } & \text { \# times Compounded per year } & \text { Value } \\\hline \$ 2,000 & 8 \% & \text { 2 years } & \text { Quarterly } & \text { ? } \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions