What amount 3 months ago is equivalent to $900 in 9 months from now if money earns 6.5% compounded annually during the intervening time? Refer to the "?"s in the table and enter the appropriate values in the blanks below. (In your rough work, it may be helpful to draw a timeline.) I/Y PV PMT FV PY/CY 6.5 0. ? (Round dollar values to two decimal places.) N = PV = %3D FV = PY/CY=

What amount 3 months ago is equivalent to $900 in 9 months from now if money earns 6.5% compounded annually during the intervening time? Refer to the "?"s in the table and enter the appropriate values in the blanks below. (In your rough work, it may be helpful to draw a timeline.) I/Y PV PMT FV PY/CY 6.5 0. ? (Round dollar values to two decimal places.) N = PV = %3D FV = PY/CY=

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...

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An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000 Compare the values of the account after 9 yearswhen the interest is compounded annually, quarterly,monthly, and continuously.
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