Question: $800 at 8% compound interest for 11 years final value is? round to the nearest center compound interest formula

$800 at 8% compound interest for 11 years final value is? round to the nearest center compound interest formula

Step by Step Solution

★★★★★

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer i Formula to be used A P 1rn where A fina... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Banking Questions!

Q:

Instructions: Enter all answers directly in this worksheet. When finished select Save As, and save this document using your last name and student ID as the file name. Upload the data sheet to...

Q:

Maine Co. bought a new machine for $75000 on January 1, 2016. The projected useful life of the machine is 5 years and the salvage value is estimated to be $15000. Maine Co. uses annual financial...

Q:

What is the present value of $12,000 received a. 10 years from today when the interest rate is 8% per year? b. 20 years from today when the interest rate is 16% per year? c. 5 years from today when...

Q:

Do Homework - Tanner Bednar - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=5500382638.questionld=18 flushed=false&cld=5765321¢erwin=yes FINA 2230 Business Finance-5...

Q:

On January 1, 2019, Stephen Corp., a lessor, signed a direct financing lease. Stephen was to receive annual year-end payments of $10,000 for ten years, after which there was a guaranteed residual...

Q:

PLEASE HELP ME ANSWER THESE QUESTIONS THERE IS NO FORMULA JUST BY USING SCIENTIFIC CALCULATOR You deposit $4600 in an account earning 8% compound interest for 2 years. Find the future value and the...

Q:

1. If the average annual rate of return for common stocks is 7.5%, and for treasury bills it is 2.5%, what is the MRP or Market Risk Premium (%)? 2. A stock with a beta of 1. 15 would be expected to:...

Q:

help me answer these just by using scientific calculator. no formula needed You deposit $4600 in an account earning 8% compound interest for 2 years. Find the future value and the interest earned for...

Q:

1. One of the potential benefits of saving early for retirement is that an investor can receive greater benefits from the compounding of interest. True False 2. All else equal, a dollar received...

Q:

7.Helen is considering an investment of $3,500 each year for 18 years, starting at the end of the this year. The investment will pay 5 % interest. How much will this investment ($) be worth at the...

Q:

Neutral or positive messages follow the a. AIDA plan b. Direct organizational plan c. Indirect organizational plan d. Marshall Plan.

Q:

You are provided with the following information for Lily Inc. for the month ended June 30, 2020. Lily uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price June...

Q:

A pipeline's total cost structure - high fixed cost with a low variable operating cost is most similar to which other mode of transportation? Rail carrier Air carrier Motor carrier Intermodal carrier

Q:

Abby's home had a basis of $360,000 ($160,000 attributable to the land) and a fair market value of $340,000 ($155,000 attributable to the land) when she converted 70% of it to business use by opening...

Q:

You own stock in Make-UP-Artists, Inc. which has just made a bid of $30 million to purchase MHM Corporation. MHM Corp. currently has total cash flows of $2.5 million that are expected to grow...

Q:

Hun, age 93, has accumulated substantial assets during his life. Among his many assets are the following, which he is considering giving to Koji, his grandson. Asset Adjusted Basis Fair Market Value...

Q:

The Wall Street Journal reported some interesting statistics on the job market. One statistic is that 40% of all workers say they would change jobs for "slightly higher pay." In addition, 88% of...

Q:

The Justice Department has been asked to review a merger request for a market with the following four firms. Firm Assets A .......... $12 million B .......... 25 million C ..........102 million D...

Q:

All of the following conduct may be considered sexual harassment EXCEPT:Group of answer choicesunwanted sexual attention from one male employee toward another male employeea manager demanding sexual...

Q:

Compareand contrast the evolution of two leading stock indexes. Plot since 1960 on a quarterly basis the Dow Jones Industrial Average (FRED code: DJIA) and the S&P 500 (FRED code: SP500) scaled to a...

Q:

Why might sterilized foreign-exchange market intervention have a greater impact on the exchange rate in times of financial stress than in times of normal market conditions?

Q:

Why do you think the statement released after each Federal Open Market Committee meeting retains the same basic structure?

Q:

The owner of a mail-order catalog would like to compare her sales with the geographic distribution of the population. According to the U.S. Bureau of the Census, 21% of the population lives in the...

Q:

There are four entrances to the Government Center Building in downtown Philadelphia. The building maintenance supervisor would like to know if the entrances are equally utilized. To investigate, 400...

Q:

Each of the digits in a raffle is thought to have the same chance of occurrence. The table shows the frequency of each digit for consecutive drawings in a California lottery. Perform the chi-square...