Posted by **shirley** on Monday, May 28, 2012 at 4:00pm.

Compare the future amounts (A) you would have if the money were invested at simple interest and if it were invested with annual compounding.

$3,000 at 11% for 20 years

(a) Calculate the future amount if the money were invested at simple interest.

$

(b) Calculate the future amount if the money were invested with annual compounding. (Round your answer to the nearest cent.)

$

## Answer This Question

## Related Questions

- Algebra - Compare the future amounts (A) you would have if the money were ...
- math - compare the future amounts(a)you would have if the money were invested at...
- algebra with application - $4,000 at 10% for 20 years (a) Calculate the future ...
- Finance - $2,000 at 12% for 20 years (a) Calculate the future amount if the ...
- algebra with application - $4,000 at 10% for 20 years (a) Calculate the future ...
- math - $3,000 at 8% for 30 years (a) Calculate the future amount if the money ...
- Finance - Find the future value of $10,000 invested now after five years if the ...
- Algebra - I invested $42,000 in three funds paying 5%, 7%, and 9% simple ...
- algebra - A total of $12,000 is invested in two funds paying 9% and 11% simple ...
- algebra - Larry Mitchel invested part of his $32,000 advance at 7% annual simple...

More Related Questions