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- Find the future value and interest earned if $8806.54 is invested for 8 years at 5% compounded (a) semiannually and (b) continuously.please make sure the answer is correct 100% If $1000 is invested for ten years at an annual rate of 7.3% compounded monthly. a. Find the compound amount b. Find the compound interestUsing the compound interest formula, calculate both the value of the investment and the interest earned after the given time periods. a) $4000.00 for five years at 7% compounded semi-annually
- A sum of $1,000 is deposited at 8% interest, compounded annually for 5 years. What is the future value?Solve for the compound amount and compound interest at the end of 1 year if S7,000 is invested at 4% compounded quarterly.Solve for the compound interest earned if 10,000 pesos is invested for 1-1/2 years at 8% compounded monthly.
- What are the future value and the interest earned if $3400 is invested for 6 years at 8% compounded quarterly? (Round your answers to the nearest cent.) future value interest earnedDetermine the amount of interest earned on a $1200 investment if it is invested at 5.5% annual interest compounded for four years. Show work.Determine the interest earned after 10 years if $200 is invested in each of the following accounts: a. An account earning 5.4% interest compounded monthly
- If $5 000.00 is placed on account for 6 years and earns interest at 12% p.a. compounded monthly, it would mature to the same future value as if $x is placed on an account for 4 years at 16% p.a. compounded quarterly. Find the value of x. x = $2. Find the compound interest and the amount if 25,000 pesos is invested for 2 years at 6% compounded (a) semi-annually, and (b) quarterly.If $1,420 is invested in an account which earns 8% interest compounded annually, which will be the balance of the account at the end of 17 years?