menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics Study Set 1
  4. Exam
    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Find the Compound Amount of $5700
Solved

Find the Compound Amount of $5700

Question 74

Question 74

Essay

Find the compound amount of $5700.00 at 11.2% p.a. for seven years compounded monthly.

Correct Answer:

verifed

Verified

Use PV = 5700.00; i ...

View Answer

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

Related Questions

Q69: An investment of $4300.00 earns interest at

Q70: Albert made investments of $1000 each for

Q71: You borrow $4750 at a rate of

Q72: What is the discounted value of $9900.00

Q73: Loans of $1600.00, $8300.00, and $12 100.00

Q76: Arjun has taken a loan and debt

Q77: Find the present value and the compound

Q78: Six years after Ellen deposited $4500 in

Q79: Saeed has taken a loan such that

Q85: Use the exact method to determine the

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