What principal deposited 5 years ago will grow to $33,128.68 in 3 years and 7 months from now if money grows at 5.36% compounded annually? DO NOT ROUND INTERMEDIATE RESULTS.Report N accurate to at least 6 decimal places.Report PV and FV as positive values to the nearest cent. P/Y = C/Y = Correct N = Incorrect I/Y = Correct PV = $ Incorrect PMT = $ Correct FV = $ Correct
What principal deposited 5 years ago will grow to $33,128.68 in 3 years and 7 months from now if money grows at 5.36% compounded annually? DO NOT ROUND INTERMEDIATE RESULTS.Report N accurate to at least 6 decimal places.Report PV and FV as positive values to the nearest cent. P/Y = C/Y = Correct N = Incorrect I/Y = Correct PV = $ Incorrect PMT = $ Correct FV = $ Correct
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...
Question
What principal deposited 5 years ago will grow to $33,128.68 in 3 years and 7 months from now if money grows at 5.36% compounded annually?
DO NOT ROUND INTERMEDIATE RESULTS.
Report N accurate to at least 6 decimal places.
Report PV and FV as positive values to the nearest cent.
| P/Y = C/Y = Correct |
| N = Incorrect |
| I/Y = Correct |
| PV = $ Incorrect |
| PMT = $ Correct |
| FV = $ Correct |
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