Mathematics, 02.04.2020 03:16, jj1077348
An account is earning 5% annual interest, compounded quarterly. How much will it be worth in 8 years, if an initial investment of $5000 is put into the account and no withdrawals are made?
a.) State the i.) initial value, ii.) the multiplier, and iii.) the number of times the interest is compounded over the 8 years. i.) ii.)iii.)
b.) Write an equation to find the value of the account V(t) after any number of quarters t.
c.) What is the value of the account after 8 years?
d.) If the account earned 8% simple interest annually, how much would be in the account after 8 years? Show work
Answers: 2
Mathematics, 21.06.2019 18:00, Manglethemango9450
What is the solution to the equation in the & show work i’m very
Answers: 1
Mathematics, 21.06.2019 21:00, morganpl415
Eliza wants to make $10,000 from her investments. she finds an investment account that earns 4.5% interest. she decides to deposit $2,500 into an account. how much money will be in her account after 14 years?
Answers: 1
An account is earning 5% annual interest, compounded quarterly. How much will it be worth in 8 years...
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