Cousin Berta invested $ 2 6 0 , 0 0 0 fourteen years ago at 8 percent,

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Question:

Cousin Berta invested $

260, 000

fourteen years ago at

8

percent, compounded quarterly.

.

How much has she accumulated?

(

Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.

)

Future value $

.

What is her effective annual interest rate

(

rate of return

) ? (

Use a Financial calculator to arrive at the answer. Round the final answer to

2

decimal places.

)

Effective annual interest rate

Posted Date: May 18, 2024 09:13 PM

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Cousin Berta invested $ 2 6 0 , 0 0 0 fourteen years ago at 8 percent,

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