Mathematics, 03.05.2021 01:50 steven2996
Find the future value and interest earned if $8904.56 is invested for 9 years at 4% compounded (a) semiannually and (b) continuously.
(a) The future value when interest is compounded semiannually is approximately $
(Type an integer or decimal rounded to the nearest hundredth as needed.)
The interest earned is approximately $
(Type an integer or decimal rounded to the nearest hundredth as needed.)
(b) The future value when interest is compounded continuously is approximately $
(Type an integer or decimal rounded to the nearest hundredth as needed.)
The interest earned is approximately $
(Type an integer or decimal rounded to the nearest hundredth as needed.)
Answers: 2
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Find the future value and interest earned if $8904.56 is invested for 9 years at 4% compounded (a) s...
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