Please place the correct numbers in XXX area, and #VALUE area
Future Value
A. Of a single amount
Q 6
How much will $5,000 invested at 5% simple interest be worth
In 3 years if it is compounded annually and quarterly?
(Hint: Remember that the interest rate for quarterly compounding is 1/4 the annual rate)
Compound Annually
Compound Quarterly
Present Value
xxx
xx
Number of time periods
Interest rate per time period
#VALUE!
How much will $5,000 invested at 7% simple interest be worth
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