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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Find the Future Value of and the Compound Interest on $4575.00
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Find the Future Value of and the Compound Interest on $4575.00

Question 142

Question 142

Essay

Find the future value of and the compound interest on $4575.00 invested at 12.24% compounded monthly for:
a) 3.5 years
b) 7 years
c) 12.5 years

Correct Answer:

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PV = 4575.00; m = 12; i = blured image = ....

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