1-If $1000 is interested at 8% compounded: a-Annually b-Semiannually c-Quarterly d-Monthly What is the

Question

1-If $1000 is interested at 8% compounded:
a-Annually
b-Semiannually
c-Quarterly
d-Monthly
What is the amount after 5 years?

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Thiên Di 3 years 2021-08-06T16:46:59+00:00 1 Answers 12 views 0

Answers ( )

  1. mit
    0
    2021-08-06T16:48:30+00:00
    Reply

    Answer:

    Amount after 5 years : $1,480.24.

    B. Semiannually

    Step-by-step explanation:

    The future value of a $1000 investment today at 8 percent annual interest compounded semiannually for 5 years is $1,480.24.

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