What was a $4400 investment worth after 6 years if it earned 5.4% compounded monthly?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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What was a $4400 investment worth after 6 and 3/4 years if it earned 5.4% compound monthly?

pls answer question above. Thank you

years?
2. What is the future value of $8500 after 5 years if it earns 9.5% compounded quarterly?
3. To what amount would $12,100 grow after 3
years if it earned 2.5% compounded monthly?
4. What was a $4400 investment worth after 6 years if it earned 5.4% compounded monthly?
Transcribed Image Text:years? 2. What is the future value of $8500 after 5 years if it earns 9.5% compounded quarterly? 3. To what amount would $12,100 grow after 3 years if it earned 2.5% compounded monthly? 4. What was a $4400 investment worth after 6 years if it earned 5.4% compounded monthly?
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