calculate to the nearest cent the future value fv of an investment of 10000 at the stated intere

Name: calculate to the nearest cent the future value fv of an investment of 10000 at the stated interest rate after the stated amount of time hint see quick examples 1 and 2 02 per month compounde 73341
Uploaded: 2022-03-30T20:49:24-08:00
Duration: 58 s
Channel: Moses Obasola
Description: calculate to the nearest cent the future value fv of an investment of 10000 at the stated interest rate after the stated amount of time hint see quick examples 1 and 2 02 per month compounde 73341

Question

Anas Venkitta · Accepted Answer

First, we need to convert the interest rate from a percentage to a decimal. So, 0.2% becomes 0.0

Question

Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time. HINT [See Quick Examples 1 and 2.] 0.2% per month, compounded monthly, after 6 years FV=______

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