Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
An investment of S6,560 earns interest at the rate of 5% and is compounded
quarterly. What is the accumulated value of the investment at the end of 7 years?
USe A = P (1+r/n)nt
a59.289.00
b. S6,794.00
c. $11.245.00
d. $2.296.00
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