menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Mathematics
  4. Exam
    Exam 8: Compound Interest: Future Value and Present Value
  5. Question
    Assume That a $10,000 Investment Can Earn 8% Compounded Quarterly
Solved

Assume That a $10,000 Investment Can Earn 8% Compounded Quarterly

Question 97

Question 97

Short Answer

Assume that a $10,000 investment can earn 8% compounded quarterly. What will be its future value: a. After 15 years? b. After 20 years? c. After 25 years? d. After 30 years?

Correct Answer:

verifed

Verified

a) $32,810.31
b) $48...

View Answer

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

Related Questions

Q92: What regular interest payment will Grandmamma receive

Q93: Teresita has three financial obligations to the

Q94: Sun Life Financial offers a five-year compound-interest

Q95: If the inflation rate for the next

Q96: A $4000 loan at 10% compounded monthly

Q98: What is the nominal rate of interest

Q99: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q100: Calculate the original principal: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q101: A compound-interest GIC will earn 5% compounded

Q102: What amount two years from will be

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines