Recent Posts • Latest Topics • Unanswered Questions

Sam wishes to invest $8,000 into an account earning 6% compounded annually. If he invests the money ...

stranahan

wrote...

Go to Answer

Posts: 3324

Rep:

7 years ago

Sam wishes to invest $8,000 into an account earning 6% compounded annually. If he invests the money ...

Sam wishes to invest $8,000 into an account earning 6% compounded annually. If he invests the money today, how much will be in the account in 6 years? If he waits three years before investing his $8,000 and invests that money for three years, will he earn one-half of the interest earned in the first scenario since he had the same amount invested at the same rate but for only one-half of the time? Explain how you arrived at your answer.

Textbook

Financial Management: Core Concepts

Edition: 2^nd

Author: Brooks

Read 301 times

2 Replies

Report

Replies

Answer verified by a subject expert

SpoiledBeef

wrote...

Posts: 242

Rep:

7 years ago

More solutions for this book are available here

Report

Related Topics

stranahan Author

wrote...

7 years ago

Thanks

Smiling Face with Open Mouth and Tightly-closed Eyes

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1020 People Browsing

119 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

4423

Your Opinion

Previous poll results: Which 'study break' activity do you find most distracting?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.