If 10400 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the

end of 5 years for the following compounding methods, to the nearest cent.

(a) Annual: $

(b) Semiannual: $

(c) Monthly: $

(d) Daily: $

Question

01-12-2022
Mathematics

Answered

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If 10400 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the

end of 5 years for the following compounding methods, to the nearest cent.

(a) Annual: $

(b) Semiannual: $

(c) Monthly: $

(d) Daily: $

Sagot :

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