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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    To What Future Value Will a Principal of $7100
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To What Future Value Will a Principal of $7100

Question 48

Question 48

Essay

To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded:
a) annually
b) semi-annually
c) quarterly
d) monthly

Correct Answer:

verifed

Verified

P V = 7100.00
a) m = 1, i = 7....

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