Ask a New Question

Asked by tom

calculate the future value of an investment of $8,500 if it is to be invested for 9 years at an interest rate of 6.1%, compounded quarterly.
14 years ago

Answers

Answered by Writeacher
http://www.google.com/search?sourceid=chrome&ie=UTF-8&q=calculate+compound+interest
14 years ago
Answered by Reiny
i = .061/4 = .01525
n= 9(4) = 36

amt = 8500(1.01525)^36 = ....
14 years ago

Related Questions

Calculate the future value of the following: o $5,000 compounded annually at 6% for 5 years o $5,0... Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 1... Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 1... How do I calculate the future value of the following? $5,000 compounded annually at 12% for 2 ye... Calculate the future of the following Ordinary Annuities. Round to the Nearest cent when necessary.... Calculate the future value of an annuity of $200 per month for 4 years at 12% interest compounded mo... Calculate the future value of an ordinary annuity consisting of annual payments of $1,000 for 4 year... Calculate the future value of S of an annuity using the following formula: S =R(1+i)^n-1/i) give... To calculate the future value of Kendra's investment, we can use the formula for compound interest:... Calculate the future value of $6,000 earning 8% interest compounded quarterly for 7 years. (Round yo...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use