i need help with interest

FratBro23
Category:
Algebra
Price: $10 USD

Question description

An investment of $8,000 is made on April 19, 2004. Find the value of this investment at the end of April 19, 2015 in each of the following situations. For full credit show all relevant equations and give your answers accurate to two decimal places. (a.) At an annual interest rate of 3% compounded monthly. (b.) At an annual interest rate of 3% compounded daily. (c.) At an annual interest rate of 3% compounded continuously.

Tutor Answer

(Top Tutor) Daniel C.
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School: UIUC
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