IsabellaKolcze
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- Apr 21, 2011
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THE STARTING VALUE FOR EVERY QUESTION IS $4500 Determine the values of i and n for each of the following questions in the formula A = P (1 + i)n . Then determine the final value of an investment of $4500.00. Show how you calculated each answer. A is the final amount. I is interest rate. N is number of compounding periods. P is the principal (starting amount) which is always $4500
a) 7% per annum compounded annually for 14 years.
i =
n =
A =
b) 8% per annum compounded semi-annually for 4 years
i =
n =
A =
c) 5% per annum compounded quarterly for 5 years
i =
n =
A =
d) 6% per annum compounded monthly for 8 years.
i =
n =
A =
a) 7% per annum compounded annually for 14 years.
i =
n =
A =
b) 8% per annum compounded semi-annually for 4 years
i =
n =
A =
c) 5% per annum compounded quarterly for 5 years
i =
n =
A =
d) 6% per annum compounded monthly for 8 years.
i =
n =
A =