Posted by **Mary Ann ** on Wednesday, May 14, 2014 at 8:55pm.

If $32,500 is invested at 69% for 3 years find the future value if the interest is compounded the following ways.

annually, semiannually, quarterly, monthly, daily, every minute (N-525,600)

continuously, simple (not compounded.

Thank you for your time.

- algebra -
**Henry**, Friday, May 16, 2014 at 9:01pm
Po = $32,500 @ 69%? for 3 years.

P1 = Po(1+r)^n. Compounded annually.

P1 = 32,500(1+0.69)^3 = $156,871.29

P2 = 32,500(1+0.69/2)^6 = 192,405.32

P3 = 32,500(1+0.69/4)^12 = 219,400.48

P4 = 32,500(1+0.69/12)^36 = 243,207.46

P5 = 32,500(1+0.69/365)^1095=257,053.95

P6 = 32,500(1+0.69/525,600)^1,576,800 =

257,556.40

P7 = Po*e^(r*t) = 32,500*e^(0.69*3) =

257,556.75

P8 = Po + Po*r*t=32000 + 32,500*0.69*3 = 98,240. Simple Int.

## Answer This Question

## Related Questions

- Algebra - If $32,500 is invested at 69% for 3 years find the future value if the...
- algebra/stressed - If $32,500 is invested at 6.9% for 3 years. Find the future ...
- Math - If $37,500 is invested at 6.3% for 30 years, find the future value if the...
- Accounting - How do I calculate the future value of the following? $5,000 ...
- Accounting - Calculate the future value of the following: o $5,000 compounded ...
- Finances and Math - Can someone please help me solve these problems or help me ...
- Algebra 2 - Find the future value of $600 invested for 5 years at 8% interest ...
- Math: Compounded Interest - A principal of $200 is invested at 5% interest rate ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- math - find the accumulated value of an investment of $10000 for 5 years at an ...

More Related Questions