Solution-What is the amount of interest earned from this

What is the amount of interest earned from this investment

Reference no: EM132875426

Question - Kristen deposited $45,000 in an investment fund that was growing at a rate of 6.00% compounded quarterly, for a period of 3 years and 9 months.

Required -

a. What is the accumulated value of the investment at the end of 3 years and 9 months?

b. What is the amount of interest earned from this investment?

Reference no: EM132875426

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What is the amount of interest earned from this investment

Reference no: EM132875426

Reference no: EM132875426

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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