Solve each problem. Future Value Find the future value and interest earned if $8906.54 is invested for

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Solve each problem.

Future Value Find the future value and interest earned if $8906.54 is invested for 9 yr at 3% compounded

(a) Semiannually 

(b) Continuously.

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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