Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. . what is the future value if $8,000 is invested f

. What is the future value if $8,000 is invested for 10 years at 85%...

50.1K

Verified Solution

Question

Accounting

image
. What is the future value if $8,000 is invested for 10 years at 85% compounded semiannually? _ . - - -2. What lump sum should be deposited in an account that will earn 9% compounded quarterly to grow to $100,000 for retirement in 25 years? 3. Find the interest that will result if $10,000 is invested at 7% compounded continuously for 8 years Suppose an individual wants to have $200,000 available for her child's education. Find the amount that would have to be invested at 12%, compounded continuously, if the number of years until college is: 4. a. 7 years b. 14 years 5. How much more interest will be earned if $5,000 is invested for years at 7% compounded continuously, instead of at 7% compounded quarterly

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

two procedures: 1. a microscale cis-trans isomerization of an alkene 2. a miscroscale addition of bromine to...

Chemistry
Q

Consider the reacton of bromine and chlorine gas to form BrCl where Kp=1.11X10^-4 at 150K. A...

Chemistry
Q

7. A cue ball traveling horizontally at 2.5 m/s strikes a stationary 8-ball, causing the 8-ball...

Physics
Q

The mean of marks obtained in an examination by a group of 100 students was...

Physics
Q

Let v be the vector from initial point P to terminal point P2 Write v...

Basic Math
Q

Discuss the different financial statements prepared in the accounting for government.

Accounting
Q

Which of the following financial statements shows the revenues and expenses of a company over...

Accounting
Q

NL Inc Balance sheet information as of 12/31/2021 Assets Cash = $17,050...

Accounting
Q

An increase in owner's equity will be caused by: a) Distributing dividends ...

Accounting
Q

True or False The allowance method for uncollectible accounts is required by GAAP because it...

Accounting
Q

Mesner's and Sanchez's company is organized as a partnership. At the prior year-end, Mesner's equity...

Accounting
Q

You bought an annuity selling at $3,247.15 today that promises to make equal payments at...

Finance