Question: Problem 4-21 Future Value a. What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent,
Problem 4-21 Future Value
| a. | What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded annually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| c. | What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded monthly? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| d. | What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded continuously? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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