acc 303
Shalanda785 Morgan Spear invested $16,000 today in a fund that earns 8% compounded annually.
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To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Investment at 8% annual interest
$
Investment at 8% annual interest, compounded semiannually
7 years ago
100
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