George Robinson must decide how to invest $11,000 that he just inherited. What would be the future value of his investment after 4 years under each of the following three investment opportunities? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) a. 6.47 percent compounded quarterly. Value of investment after 4 years   $  b. 6.09 percent compounded monthly. Value of investment after 4 years   $  c. 6.09 percent compounded continuously. Value of investment after 4 years   $

Question

George Robinson must decide how to invest $11,000 that he just inherited. What would be the future value of his investment after 4 years under each of the following three investment opportunities? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

a. 6.47 percent compounded quarterly.

Value of investment after 4 years  


b. 6.09 percent compounded monthly.

Value of investment after 4 years  


c. 6.09 percent compounded continuously.

Value of investment after 4 years  

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