If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in

Favorites|Homepage
Subscriptions | sitemap

HOME > Mathematics > If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in

If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in

[From: ] [author: ] [Date: 11-10-02] [Hit: ]

......

the bank after 14 years if interest is compounded annually

Find the amount in the bank after 14 years if interest is compounded quaterly

Find the amount in the bank after 14 years if interest is compounded monthly

Finally, find the amount in the bank after 14 years if interest is compounded continuously

-

The equation for the future value of an investment is:

FV= PV x 1+ i

FV = 8000 x 1.09

x 4 for quarterly

x 12 for monthly

1

keywords: year,account,is,amount,in,cent,dollars,invested,of,rate,the,at,If,interest,per,find,bank,an,8000,If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in

New

Hot