Find the value of an investment

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Find the value of an investment of $25,000 for 12 years at an annual interest rate of 3.15% compounded continuously.

Finance. Suppose that $5,500 is invested at 4.5% annual interest rate, compounded monthly. How much money will be in the account in (A) 11 months? (B) 3 years?

Finance. A person wishes to have $23.000 cash for a new car 3 years from now. How much should be placed in an account now, if the account pays 7% annual interest rate, compounded weekly?

A couple just had a baby. How much should they invest now at 5.2% compounded dailv in order to have $35.000 for the chiles education 17 years from now? Compute the answer to the nearest dollar. (Assume a
365-day year.)

Find the value of $10.000 at the end of one year if it is invested in an account that has an interest rate of 5.40% and is compounded in accordance with the rules below.

a. compounded monthy

b. compounded daily (assuming a 365-day year)

c. compounded quarterly

Reference no: EM133228661

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