Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chris spear invested $14,000 today in a fund that

Chris Spear invested $14,000 today in a fund that earns 8% compounded annually.To what amount...

50.1K

Verified Solution

Question

Accounting

Chris Spear invested $14,000 today in a fund that earns 8% compounded annually.To what amount will the investment grow in 2 years? To what amount would the investment grow in 2 years if the fund earns 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 8% annual interest, compounded semiannually

1.

Investment at 8% annual interest

2. Investment at 8% annual interest, compounded semiannually

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

select a model or theory of individual health behavior and describe an example from the research...

Biology
Q

The lob in tennis is an effective tactic when your opponent is near the net. It...

Physics
Q

Which of the following is the best antonym for "deferential"?A. inconsiderateB. reverentialC. graciousD. polite

Biology
Q

Explain why the t-distribution has less spread as the number of degrees of freedom increases.Choose...

Basic Math
Q

Solve each system by elimination State the solution s on the 1 7x 4y 28...

Algebra
Q

1 point Subtract 5r 2y 2r 3y 3r 5y 3r 5y 7r 5y 3r y

Algebra
Q

Question 1 Oriole...

Accounting
Q

Grady Corporation is evaluating two decision alternatives. Alternative One has costs of $2,000 and revenues...

Accounting
Q

What tax consequences may apply based on the inventory valuation system, i.e. using FIFO versus...

Accounting
Q

Which of the following is the basis for all operating budgets and most financial budgets?...

Accounting
Q

At the start of the year, the balance on Tahas capital account was $35,689. During...

Accounting
Q

2. Which of the following is the best definition of relevant control activities? * (1...

Finance