Posted by **Norma ** on Sunday, June 5, 2011 at 6:59pm.

find the accumulated value of an investment of 25,000 for 4 years at an interest rate of 5%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.

- math -
**MathMate**, Sunday, June 5, 2011 at 7:16pm
I'll try the first one. The remaining cases are similar and serve as exercises for you (as they should).

Principal, P = 25000

Period, t = 6 months.

Time, T = 4 years.

Number of periods, n = 4/0.5=8

Annual interest rate, = 5%

Interest rate per period, i = 5%*0.5=2.5%

Future value (compound interest)

= P(1+i)^n

= 25000*(1+2.5%)^8

= 25000*1.2184

= $30,460.07

- math -
**Gyasi **, Monday, July 11, 2016 at 2:27pm
309

## Answer This Question

## Related Questions

- Math - find the accumulated value of an investment of 20,000 for 3 years at an ...
- math - find the accumulated value of an investment of $10000 for 5 years at an ...
- algebra - Find the accumulated value of an investment of $10,000 for 3 years at ...
- algebra- Help fast - use the compound interest formula A=P(1+r/n)^nt and A=Pe^rt...
- Compound interest - Hello My teacher skipped over this and I have no clue how to...
- Calculus Please help! - If 7000 dollars is invested in a bank account at an ...
- Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...
- Math - Can someone please double check my answers. 1. What pattern does the ...
- math - Can someone please double check my answers. 1. What pattern does the ...
- Algebra - Using the compound intrest formula's A=P(1+r/n)^nt and A=Pe^rt to ...

More Related Questions