Essay
Calculate the accumulated value of $3000.00 at 8% compounded quarterly for fifteen years. How much of the amount is interest?
Correct Answer:
Verified
PV = 3000; i = 
= 2% = 0.02 ; ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
PV = 3000; i = = 2% = 0.02 ; ...
= 2% = 0.02 ; ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions
Q36: An seven-year promissory note for $31 000
Q37: A $41 200.00, non-interest-bearing note due August
Q38: How much will Ahsan's registered retirement savings
Q39: Two years after Sean deposited $5000 in
Q40: A seven-year, non-interest-bearing note for $6532.00 is
Q42: Zara borrowed $4000 from Duca financial at
Q43: A note dated May 1, 2011 promises
Q44: Find the proceeds of a non-interest-bearing promissory
Q45: You have an investment that will mature
Q46: Determine the nominal rate of interest if