Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. he placed $22,000 into an account and let it grow

He placed $22,000 into an account and let it grow at 12% compounded quarterly for...

50.1K

Verified Solution

Question

Accounting

He placed $22,000 into an account and let it grow at 12% compounded quarterly for 27 years. Approximately how much will Pearce have accumulated in 2022 (27 years later)?

$469,100

$511,600

$535,600

$552,800

$561,400

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For this assignment, describe in detail (two to three sentences each) how each of the following...

Psychology
Q

dy/dt +2y=t-1. ivp y0 =1 solve differntial equation

Advance Math
Q

Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for...

Accounting
Q

Figure shows a copper wire of nonuniform cross section carrying current toward right for sectors...

Physics
Q

Jonna is selling t shirts for the cross country meet The long sleeve t shirts...

Algebra
Q

Bonus 2 Find the circle passing through the three points 0 4 2 2 and...

Algebra
Q

E12-6 Preparing and Evaluating a Simple Statement of Cash...

Accounting
Q

1) Una accin preferente pagar un dividendo de Rs.3.00 en el prximo ao y cada...

Accounting
Q

! Required Information [The following information applies to the questions displayed below.) Assume that you...

Accounting
Q

Case 1. The following financial data relates to Tokyos EasternSunrise Hotel....

Finance
Q

An S corporation elects a September 30 taxable year. the S corporation, as a pass-through...

Accounting
Q

Consider a put contract on a Canada bond with an exercise price of 101.19. The...

Finance