Suppose $21 comma 00021,000 is invested at an annual rate of 77% for 1313 yearsyears. find the future value if interest is compounded as follows. a. annually b. quarterly c. monthly d. daily (365 days) e. continuously

Annually         50,606.75

Quarterly        51, 761.76

Daily               52,166.22

Continuously  52,170.77

Explanation:

We have to use the future value for different compounding:

Annually:

Principal21,000.00

time13.00

rate0.07000

Amount50,606.75

Quarterly:

time52.00 (13 years x 4 quarter per year)

rate0.01750 ( 7% over 4 quarters)

Amount51,761.76

Daily (365 days):

time4,745 (13 years x 365 days per year

rate0.00019  (0.07 / 365)

Amount52,166.22

Continuously:

Amount 52,170.7732

answer; ///i believe the correct answer is(e) complementary to each other;

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi