An investment is growing at an effective rate of 12.4%.If the amount invested is currently $12,000,what will the amount be in 6 years?
Correct Answer:
Verified
Q27: An investment grows from $5500 to $6105
Q28: Suppose an initial investment grows from $12,000
Q29: Suppose you can invest $10,000 at 4.5%
Q30: A house worth $150,000 ten years ago
Q31: A $6000 investment in a stock five
Q33: The population of a city grows from
Q34: An investment grows from $10,240 to $10,700.80
Q35: Suppose an initial investment grows from $330
Q36: An initial investment of $300 grows at
Q37: An investment is compounded daily (use 365
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents