Question:

If 13600 dollars is invested at an interest rate of 10

Last updated: 8/10/2022

If 13600 dollars is invested at an interest rate of 10

If 13600 dollars is invested at an interest rate of 10 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent. (a) Annual: $ (b) Semiannual: $ (c) Monthly: $ (d) Daily: $