Asked by
Kaylee Evans
on Dec 14, 2024
Verified
Valerie has made investments of $10,000 at the end of every three months for the last 8 years. She has earned 11% compounded quarterly? What is the value of the investments today?
A) $97,427
B) $211,003
C) $320,000
D) $460.792
E) $502,699
Investments
Assets purchased with the expectation that their value will grow or generate income.
Quarterly
Taking place four times a year, or every quarter.
- Develop the expertise to comprehend and figure out the future values of investments that carry regular contributions.
- Familiarize with the role of interest rates and the frequency of compounding in enhancing investment growth.
Verified Answer
MG
Learning Objectives
- Develop the expertise to comprehend and figure out the future values of investments that carry regular contributions.
- Familiarize with the role of interest rates and the frequency of compounding in enhancing investment growth.