Question

Help Please

Answer 1

Find the value of $15,000 invested in a mutual fund that earned an annual percentage rate of 8.25%, compounded quarterly, for 8 years.

Answer 2

$25,755 i think

Answer 3

A=P(1+(r)/(n))^(nt) next plug in these values and simplify: A=15000(1+(0.0825/12))^(12*8) A=15000(1.006875)^96 A= 15000(1.717) = $25,755 Therefore, the value of the investment after 8 years is $25,755

i am not good at math but i do think $25,755 is your answer

Answer 4

thank you this helps

Answer 5

okay i am glad it does and yw

Answer 6

Using an on-line calculator , I got $ 28 827.68