Find the future value if $9000 is invested for 10 years at 12% compounded annual

Question

Find the future value if $9000 is invested for 10 years at 12% compounded annually. (Round your answer to the nearest cent.) $127139 78 What are the future value and the interest earned if $3400 is invested for 5 years at 8% compounded quarterly? (Round your answers to future value $ interest earned What is the compound interest if $470 is invested for 6 years at 8% compounded continuously? (Round your answer to the nearest cent) $ How long (in years) would $400 have to be invested at 9%, compounded continuously, to amount to $980? (Round your answer to the yr

Explanation / Answer

We have the formula A=P(1+r/n)nt

Here r=12/100=.12

P=9000

n=1

t=10

A=9000(1+0.12)10=27952.63

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