How much money will there be in an account at the end

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Reference no: EM1314757

Computation of future value of investments.

1. Albert invested $12,000 into two accounts. One payed 8% interest and one payed 6% interest. The total return was $880, how much was in each account?

2. How much money will there be in an account at the end of eight years, if $20,000 is deposited at 6% compounded monthly?

3. How much money will there be in an account at the end of eight years, if $20,000 is deposited at 5% compounded continuously?

Reference no: EM1314757

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