compounded interest

posted by .

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.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math help plz!

    Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for the first 2 years and will be 9% compounded quarterly for the last 3 years.
  2. Math! plz help!

    Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for the first 2 years and will be 9% compounded quarterly for the last 3 years. I solved for both which i got …
  3. algebra

    Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 6% if the money is a)compounded seiannually,b)compounded quarterly, c) compounded monthly, d) compounded continually
  4. Algebra

    Determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years.
  5. algebra

    determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years?
  6. math/ compounded

    Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option …
  7. Investment interest

    Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option …
  8. math/compound

    Calculate the interest earned on an investment of 2500 invested at an interest rate of 6.15%/a compounded quarterly for 10 years.
  9. MATH

    Tiffany invested $725 at the end of every month in an investment fund that was earning interest at a rate of 4.74% compounded monthly. She stopped making regular deposits at the end of 10 years when the interest rate changed to 6.69% …
  10. Business math

    Find the future value of an investment of ​$10 ,500 if it is invested for six years and compounded semiannually at an annual rate of 3​%. Use the​ $1.00 future value table or the future value and compound interest formula.

More Similar Questions