If $20,900 is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the

Question

tatiyna

3 years ago

15

If $20,900 is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the

following compounding methods.
Anual, semiannual, monthly, daily, continuously

Mathematics

1 answer:

Katena32 [7] · Answer 1 · 2022-04-20T13:29:01+03:00

Katena32 [7]3 years ago

6 0

Answer:

annual

Step-by-step explanation:

You make a single deposit of $100 today. It will remain invested for 4 years at 8% per year compounded annually. What will be the future value of your single deposit at the end of 4 years?