Question: Need help solving Find the amount that results from the investment. Round the answer to the nearest cent. $14,000 invested at 12% compounded semiannually after

Need help solving

Find the amount that results from the investment. Round the answer to the nearest cent. $14,000 invested at 12% compounded semiannually after a period of 5 years O A. $11,071.87 O B. $24,672.78 O C. $23,652.71 O D. $25,071.87

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 Mathematics Questions!

An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 11%...

8. ?/1 pointsBerrFinMath1 2.1.008. How much should be invested now at 5.5% simple interest if $8103 is needed in 2 years? $ 9. ?/2 pointsBerrFinMath1 2.2.001. Determine the amount due on the compound...

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

I have 14 questions for finance homework that i need help with! Effective interest rate You borrow $155,000; the annual loan payments are $8,963.67 for 30 years. What interest rate are you being...

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Find the compound amount for the deposit. Round to the nearest cent. 1) $1980 at 8% compounded...

Provided are links to the present and future value tables: (PV of $1. FV of $1. PVA of $1. and FVA of 51) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole...

ONLY COMPLETE IF ANSWERING ALL. DO NOT COMPLETE IF NOT ANSWERING ALL!!! Present and Future Values of Single Cash Flows for Different Periods Find the following values, using the equations, and then...

1) Find the present value of the following ordinary annuities . ( Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown...

please just provide me answers no detials Find the interest on the following loan. $8000 at 4% for 6 months The simple interest is $|:|. (Round to the nearest cent as needed.) Find the present value...

Steffi Derr expects to invest $16,000 annually that will earn 10%. How many annual investments must Derr make to accumulate $729,587 on the date of the last investment? (PV of $1, FV of $1, PVA of...

How difficult is it to change a culture where project management is perceived as of low status and something to get out of to one where project management is respected? How would you approach such a...

Determine the ASTM grain size number if 20 grains per square inch are measured at a magnification of 50.

Question 1 4 1 pts After a stock split, all else equal, the total market value of all the firm's stock will most likely ( in the absence of other factors ) : increase decrease remain unchanged...

What is the average variable cost for the first 100 units? $ c. What is the marginal cost per unit for the first 50 units? $ LA per unit per unit