Question: Calculate the future value. (round your answer to two decimal places.) P= $7000 r= 8.5%, t=6 years

Calculate the future value. (round your answer to two decimal places.) P= $7000 r= 8.5%, t=6 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Finance Questions!

Q:

Calculate the future value. (Round your answer to two decimal places. ) P = $7000, r = 5.5% compounded quarterly, t = 5 years Need Help? Read ItCalculate the compound amount. Use the compound amount...

Q:

calculate the future va;ue. ( round your answer to two decimal places. P= $7000, r= 8.5%, Compounded quarterly , t= 6 years

Q:

1. [-/1 Points] DETAILS MY NOTES AUFEXC4 11.1.005. Calculate the simple interest earned. Round to the nearest cent. P = $8075, r = 8%, t = 1 year Submit Answer 2. [-/1 Points] DETAILS MY NOTES...

Q:

6. [0/1 Points) DETAILS PREVIOUS ANSWERS AUFEXC4 11.2.003. Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.) P = $600, r = 7%...

Q:

11:16 a webassign.net 1. [-/2.87 Points] DETAILS AUFEXC4 9.4.023. MY NOTES ASK YOUR TEACHER First try to solve the equation by factoring. If you are unable to solve the equation by factoring, solve...

Q:

7. [-/1 Points] DETAILS AUFEXC4 11.2.018. Calculate the future value. (Round your answer to two decimal places.) P = $8000, r = 6.5% compounded quarterly, t = 4 years Need Help? Read It Submit Answer...

Q:

Calculate the future value. (Round your answer to two decimal places.) P = $22,000, r = 6% compounded monthly, t = 8 years $ x Need Help? Read It Watch It Viewing Saved Work Revert to Last Response...

Q:

27. [0/1 Points] DETAILS PREVIOUS ANSWERS AUFEXC4 11.2.019. MY NOTES Calculate the future value. (Round your answer to two decimal places.) P = $24,000, r = 4% compounded monthly, t = 6 years $...

Q:

40. A vegetable garden is in the shape of a triangle with a base of B =17ftand a height of H =14ft. Find the area of the vegetable garden. 55. Calculate the future value. (Round your answer to two...

Q:

Calculate the future value. (Round your answer to two decimal places.) P = $8000, r = 6.5% compounded quarterly, t = 3 years

Q:

Consider the following situations and discuss whether a violation of judicial ethics occurred: a. At the end of a trial, a judge refused to allow an attorney to present an argument because he said...

Q:

6. according to the analysis of the british economist john maynard keynes O markets coordinate supply and demand so that a policy of laissez-faire would prevent recessions. economic fluctuations were...

Q:

Margaret Daniels has the opportunity to invest $ 7 9 0 , 0 0 0 in a new venture. The projected cash flows from the venture are as follows. Use ARRendix A and Appendix B . \ table [ [ , Year e , Year...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.