Question: Since 2007, a particular fund returned 13.6% compounded monthly. How much would a $4000 investment in this fund have been worth after 2 years? (Round

Since 2007, a particular fund returned 13.6% compounded monthly. How much would a $4000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.) __________$ ?

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!

On January 1, 2015, Peanut Company acquired 80% of the common stock of Salt Company for $200,000. On this date, Salt had total owners' equity of $200,000 (including retained earnings of $100,000)....

Please Help me with these questions asap! Thank You and I will rate it well! 6. Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 7...

1.) calculate the present value of annuity. Round answer to the nearest cent. $1800 monthly at 6.2% for 30 years. *NOTE: i keep getting 293,879.98 which is incorrect. 2.) since 2007, a particular...

In the following ordinary annuity, the interest is compounded with each payment and the payment is made at the end of the compounding period. Calculate the required payment for the Sinking Fund....

1. Since 2007, a particular fund returned 13.9% compounded monthly. How much would a $4000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.) 2. Calculate...

Since 2007, a particular fund returned 13.2% compounded monthly. How much would a $6000 investment in this fund have been worth after 3 years? (Round your answer to the nearest cent.)

10. Since 2007, a particular fund returned 13.9% compounded monthly. How much would a $6000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.)

Since 2007, a particular fund returned 13.8% compounded monthly. How much would a $6000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.)

a.)Since 2007, a particular fund returned 13.5% compounded monthly. How much would a $6000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.) b.) In the...

Since 2007, a particular fund returned 13.2%, compounded monthly. How much would a $6000 investment in this fund have been worth after 2 years, (Round your answer to the nearest cent.)

6. Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $21,000after7years at5%if the interest is compounded in the following ways. (a)annually $ (b)...

Holiday Greeting Cards is a local company organized late in July of 2010. The companys net income for each of its first six calendar quarters of operations is summarized below. (Amounts are stated in...

What is the geometric mean of the following rates of return? .50.30 .50 .25

Question 8 After you connect a bank feed and before you complete the first reconciliation; which of the following account balances should you review and potentially adjust? Prepaid Expenses Retained...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...