Question: 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

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.)

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!

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...

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.)

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...

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...

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.)

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 2 years, (Round your answer to the nearest cent.)

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

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....

Since 2007, a particular fund returned 13.7% compounded monthly. How much would a 5,000 investment in this fund have been worth after 2 years

Let E, E2,... be a partition of the sample space 2. Given an event A, define the sets A: An E. you know that the sets A, fo partition of A. Using this, prove the partition theorem. That is, show that...

Define globalization. How does denationalization differ from internationalization?

According to the Rule of 7 2 , you can do which one of the following? Approximately double your money in five years at 7 . 2 4 percent interest Double your money in 7 . 2 years at 8 percent interest...

The December 31 cash balance according to the accounting records is $1,610, and the bank statement cash balance for that date is $1.900. a