6 $7,500 00 deposited in an account earning 10 26 , for 8 years Calculate the future value 16,383 44 16,625 25 16,935 25 17,028 60 7 $7,500 00 deposited in an account earning 10 26 , for 8 years Calculate the interest factor a 2 4236 b 2 1845 c 2 0325 d 1 9275 9 7,500 00 deposited in an account ear...

The detailed answer for the above question is provided below To calculate the future value interest ...

6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value: 16,383.44 ?

Fantastic news! We've Found the answer you've been seeking!

Question:

6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value:

16,383.44 ?
16,625.25 ?
16,935.25 ?
17,028.60?

7. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the interest factor:

a. 2.4236

b. 2.1845

c. 2.0325

d. 1.9275

9. 7,500.00 deposited in an account earning 10.26% for 8 years, compounded weekly. Calculate the future value

a. 16,383.44

b. 16,625.25

c. 16,935.25

d. 17,028.60

Related Book For answer-question

Analysis Synthesis And Design Of Chemical Processes

ISBN: 9780134177403

5th Edition

Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting

See More Books

Posted Date: Feb 13, 2024 01:57 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
1 $5,000.00 deposited in an account earning 6.5%, for 8 years. Calculate the balance in 8 years. a. 8,274.98 b. 8,752.83 c. 8,917.39 d 9,235.36 A firm has net sales of $5,700,000, Cost of Goods Sold...
Early in 2015, Mr. Bourne bought 12,000 common shares in a public company for $10/share. These shares have an annual guaranteed eligible dividend of $6,000. It is January 1, 2020 and Mr. Bourne would...
Cost of goods available for sale consists of two elements: beginning inventory and: (a) ending inventory. (b) cost of goods purchased. (c) cost of goods sold. (d) All of the answer choices are...
1. Premiums for health insurance have had a tendency to increase appreciatively from year to year. Has the union negotiated a "good" benefit provision here? Explain. 2. Do you think that the union's...
Carpet Baggers, Inc., is proposing to construct a new bagging plant in Europe. The two prime candidates are Germany and Switzerland. The forecasted cash flows from the proposed plants are as follows:...
Yazaki Corporation and DENSO Corporation are both Japanese companies that supply electrical components to manufacturers of automobiles. Following an investigation by the U.S. Department of Justice in...
Fraud investigators found that 70 percent of the nearly $160 million in sales booked by an Asian subsidiary of a European company between September 2006 and June 2007 were fictitious. In an effort to...
* Select the jobs of the operating system many answers Manage CPU and Memory Provide computer with power Provide user interface Cool down the computer
In March, 2009, during hurricane Hamish, the MV Pacific Adventurer spilled 260 tonnes of fuel, along with 31 shipping containers housing 620 tonnes of ammonium nitrate, into the Coral Sea, just north...
What are the three different types of volcanoes?
Describe the overall topography of the ocean floor.
What is Earths highest point? How high is it? What is Earths lowest point? How deep is it?
Why are glaciers called rivers of ice?
A factory emits steam into the air. How could those same water molecules eventually reside in the ocean? In a river? In groundwater? In a bears body?
A medical company, MEDXYZ, has back-engineered the Pfizer-Biontech vaccine for the COVID-19 virus even though Pfizer-Biontech already has a patent for this vaccine. Consider this as a game theoretic...
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
In a particular sedimentation vessel, small particles (SG = 1.2) are settling in water. The particles have a diameter of 0.2 mm. What is the terminal velocity of the particles?
In the case described in Section 25.1.2, Jay has written the report to suit the boss, and the company has gone ahead with an ambitious commercialization program for Catalyst A. Jay has been put in...
It is necessary to provide a nitrogen stream at 80C and a pressure of 6 bar. The source of the nitrogen is at 200C and 1.2 bar. Determine the work and cooling duty required for three alternatives. a....
Calculate the ignition delay period (in deg ca) in a diesel engine using Eqns (16.15a) and (16.15b) using the conditions at the beginning of fuel injection that exist after compression in the engine...
This question is based on Fig. 16.9. An engine operating on an Otto cycle has a maximum peak pressure of $60 \mathrm{bar}$. If the pressure and temperature at the beginning of the cycle are 1.0 bar...
Compare the air-standard cycle thermal efficiencies of an Otto cycle obtained by calculating the state points around the cycle with the value obtained from Eqn (3.16) for an 'engine' operating with a...

6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value: 16,383.44 ?

Question:

Expert Answer:

The detailed answer for the above question is provided below To calculate the future value interest ... View the full answer

Analysis Synthesis And Design Of Chemical Processes

Students also viewed these finance questions