Question

If you invest $9,000 today, how much will you have:
a. In 2 years at 9 percent?
b. In 7 years at 12 percent?
c. In 25 years at 14 percent?
d. In 25 years at 14 percent (compounded semiannually)?

Answer 1

There are different answers depending whether the interest is being compounded daily, monthly, yearly, etc. How often is the interest compounded in #a-c?