Solved

What Principal Earning 16% Compounded Quarterly Will Grow to $8500

Question 89

Multiple Choice

What principal earning 16% compounded quarterly will grow to $8500 after six years and three months?

A) $448.66
B) $22,659.61
C) $3188.49
D) $3361.68
E) $3147.71

Related Questions

Q84: Calculate the compounding frequency for a nominal

Q85: $8000 is invested in a five-year compound-interest

Q86: Consider a $5000 face value Province of

Q87: Calculate the original principal: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q88: Calculate the combined equivalent value of the

Q90: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q91: For a given nominal interest rate (say

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