Question: Please bold the answer. Answer correctly please. Will leave a positive review if correct. You placed $8,728 in a savings account today that earns an

Please bold the answer. Answer correctly please. Will leave a positive review if correct.

You placed $8,728 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account at the end of 17 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places

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!

Please bold the answer. Answer correctly please. Will leave a positive review if correct. For the next 15 years, you decide to place $2,939 in equal year-end deposits into a savings account earning...

Please bold the answer. Answer correctly please. Will leave a positive review if correct. You are given an investment to analyze. The cash flows from this investment are End of year 1. $1,690 2....

PLEASE BOLD THE ANSWER. WILL LEAVE A POSITIVE REVIEW IF THE ANSWERS CORRECT. You placed $8,214 in a savings account today that earns an annual interest rate of 4.69 percent, compounded semiannually....

Refresh Quiz Grade Quiz 1 Show your work in this area If $8,527 is invested today in a savings account at an annual interest rate compounded annually of 8.53% the balance in the account 3 years hence...

HELLO, I HAVE POSTED THIS QUESTION BEFORE AND IT SEEMS TO BE THE CORRECT ANSWER HOWEVER, WHENEVER I TRY TO DO THE FORMULA ON THE ASSIGNMENT IT TELLS ME INCORRECT, AND I'M VERY CONFUSED ABOUT WHAT I...

College Algebra MATH 107 Spring, 2017, V.1.7 MATH 107 FINAL EXAMINATION This is an open-book exam. You may refer to your text and other course materials as you work on the exam, and you may use a...

PLEASE HELP ME URGENT !!! write one by one please solve; Head of Evtel Kitchen Appliances Milos wants to work with a start-up specializing in smart home technologies to expand EvTel's business. He...

SOMEONE PLEASE HELP ME GIVE ALL THE ANSWERS!!!!! MY EXAM IS ON 13th MORNING! SO PLEASEEEEE!!!!! 2. An investment is expected to pay the following: C 1 = $2,300, C 2 = $2,600, C 3 = $2,900, and then...

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 some questions cannot solutioncan you help me 1 2 3 4 5 Student ID Student Name Time Value of Money (65%) DRAFT AREA PLEASE ENTER YOUR RESULTS INTO YELLOW CELLS & SHOW ALL WORKING IN THE DRAFT...

Control Group purchased thirty $1,000, 10%, 20-year bonds of Natchez Corporation on January 1, 2012, as a long-term investment. The bonds mature on January 1, 2032, and interest is payable every...

Discuss how new information on the human microbiome may lead to the identification of specific microbes associated with diseases currently thought to be noninfectious in origin.

Determining value for stock based financial performance in uncertainty would be an example what type of analytics

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

=+Where does the focus of labor relations lie? Is it collective

=+With whom does the firm have to negotiate?

=+That is, is the situation such that employees must belong to the union(s)?