Christian M. answered • 08/06/19
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Kyla P.
asked • 08/05/19Find the accumulated value of an investment
Find the accumulated value of an investment of $10,000 for 7 years at an interest rate of 4% if the money is a. compounded semiannually ; b. compounded quarterly ; c. compounded monthly ; d.compounded continuously.
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2 Answers By Expert Tutors
Henry I. answered • 08/06/19
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Experienced, Patient Math and English teacher
Let FV - future value
PV= present value
r = annual interest rate
n = number of times compounded per year
t = number of years money remains invested
FV = PV(1+r/n)t
From here, simply plug the appropriate values into your calculator:
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