To what amount will $12,700 grow after 15 years if it earns: a.8% compounded annually? b.8% compounded

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To what amount will $12,700 grow after 15 years if it earns:

a.8% compounded annually?

b.8% compounded semiannually?

c.8% compounded quarterly?

d.8% compounded monthly?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1285867977

14th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Sep 24, 2022 10:35 PM

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To what amount will $12,700 grow after 15 years if it earns: a.8% compounded annually? b.8% compounded

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Answer Given principal P 12700 time t Is years Compound inter... View the full answer

Fundamentals of Financial Management

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