Max invested $2386.00 in a 296-day term deposit at 4.68% p.a. Using the future value formula, S = P(1 + rt), determine how much the investment will be worth at maturity. The future value is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Max invested $2386.00 in a 296-day term deposit at 4.68% p.a. Using the future value formula, S = P(1 + rt), determine how much the investment will be worth at maturity. The future value is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Transcribed Image Text:Max invested $2386.00 in a 296-day term deposit at 4.68% p.a. Using the future value formula,
S = P(1 + rt), determine how much the investment will be worth at maturity.
The future value is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal
places as needed.)
Transcribed Image Text:Suzette invested $300 in a 210-day term deposit at 1.75% p.a. What is the future value of the deposit?
The future value of the deposit is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal
places as needed.)
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