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Using the Compound Interest Tables, Answer the Following Questions $450,000\$ 450,000

Question 82

Essay

Using the compound interest tables, answer the following questions.
Required:
-a. How much will be accumulated on January 1, 2018 if $450,000\$ 450,000 is deposited on January 1, 2014, andinterest is compoumded annually at 10%10 \% ?
b. How much vill be accumulated on December 31,2024 if $80,000\$ 80,000 is deposited on December 31,2014, and the fumd pays 9%9 \% interest compounded semiancaally?
c. What will he on deposit on January 1, 2019 if $50,000\$ 50,000 is deposited on January 1, 2014, in a fund that earns I 6%6 \% interest compounded quarterly?

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