ew History Bookmarks Window Help ONL Question for Quiz #2: Module 1 Problems owl

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ew History Bookmarks Window Help ONL Question for Quiz #2: Module 1 Problems owl oiturnass.edu/owl. c/quiz, engine/Question came i 4329&Secure; 719070364&S.Mr.ow; eets RelateQ Home l 4 fin OWL Question for Quiz #2: Module 1 Problems 7:21 You may attempt this question 3 more times for credi What is the tare value of S3000 n 4 years ms invested at an interest rate of 10.00%? You should set your calculator for at least tour decimal places of aocuracy. II remind you of this from time to time but this is a working rule throughout the semest Place your answer in dollars and cents Do not include a dolia sign or comma in your answer. This is another rule that n remind you of but should be a wonking rule throughout the semester CHECK ANSWER

Explanation / Answer

CALCULATION OF THE FUTURE VALUE COMPOUNDING ANNUALLY Year Investment Amount Interest @ 10% Cumulative Balance 1 3000 300.0 3300 2 330.0 3630 3 363.0 3993 4 399.3 4392.3 Answer = $ 4392.30

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