Solved

Complete the Following Chart, Which Illustrates What Happens to $8,000

Question 4

Multiple Choice

Complete the following chart, which illustrates what happens to $8,000 invested at 12% for different lengths of time and different numbers of compounding periods. Round all of your answers to the nearest dollar.  l year  T years  14 years  28 years  Compounded annually  Compoundedsemiannually  Compounded quatterly  Compounded monthly  Compounded continuously \begin{array} { | c | c | c | c | c | } \hline & \text { l year } & \text { T years } & \text { 14 years } & \text { 28 years } \\\hline \text { Compounded annually } & & & & \\\hline \text { Compoundedsemiannually } & & & & \\\hline \text { Compounded quatterly } & & & & \\\hline \text { Compounded monthly } & & & & \\\hline \text { Compounded continuously } & & & & \\\hline\end{array}


A) 4480884319548955354494904420447104517450291522093810960545079227212841132514510926521462115157\begin{array} { | c | c | c | c | } \hline 4480 & 8843 & 19548 & 95535 \\\hline 4494 & 9044 & 20447 & 104517 \\\hline 4502 & 9152 & 20938 & 109605 \\\hline 4507 & 9227 & 21284 & 113251 \\\hline 4510 & 9265 & 21462 & 115157 \\\hline\end{array}
B) 9020185314292423031490151845442568226502900418303418772192098989180874089320903589601768539097191071\begin{array} { | l | l | l | l | } \hline 9020 & 18531 & 42924 & 230314 \\\hline 9015 & 18454 & 42568 & 226502 \\\hline 9004 & 18303 & 41877 & 219209 \\\hline 8989 & 18087 & 40893 & 209035 \\\hline 8960 & 17685 & 39097 & 191071 \\\hline\end{array}
C) 896017685390971910712696654262122680627104270125491012563165762827044553611277036795052706055593128773690941\begin{array} { | c | c | c | c | } \hline 8960 & 17685 & 39097 & 191071 \\\hline 26966 & 54262 & 122680 & 627104 \\\hline 27012 & 54910 & 125631 & 657628 \\\hline 27044 & 55361 & 127703 & 679505 \\\hline 27060 & 55593 & 128773 & 690941 \\\hline\end{array}
D) 89601768539097191071898918087408932090359004183032192094187790151845422650242568902018531230314230314\begin{array} { | c | c | c | c | } \hline 8960 & 17685 & 39097 & 191071 \\\hline 8989 & 18087 & 40893 & 209035 \\\hline 9004 & 18303 & 219209 & 41877 \\\hline 9015 & 18454 & 226502 & 42568 \\\hline 9020 & 18531 & 230314 & 230314 \\\hline\end{array}
E) 8960176853909719107189891808740893209035900418303418772192099015184544256822650290201853142924230314\begin{array} { | l | l | l | l | } \hline 8960 & 17685 & 39097 & 191071 \\\hline 8989 & 18087 & 40893 & 209035 \\\hline 9004 & 18303 & 41877 & 219209 \\\hline 9015 & 18454 & 42568 & 226502 \\\hline 9020 & 18531 & 42924 & 230314 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents