anonymous
  • anonymous
a.Investing is an important topic for individuals in all areas. Suppose you wish to invest $10,000 in a money market account that earns 4% interest compounded annually. How much would the investment be worth after 10 years? Show all calculations. b.Now, suppose that the above investment earns interest compounded quarterly. How much would the same investment be worth after 10 years? Why does the result differ from the previous one?
Mathematics
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get our expert's

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions.

anonymous
  • anonymous
a.Investing is an important topic for individuals in all areas. Suppose you wish to invest $10,000 in a money market account that earns 4% interest compounded annually. How much would the investment be worth after 10 years? Show all calculations. b.Now, suppose that the above investment earns interest compounded quarterly. How much would the same investment be worth after 10 years? Why does the result differ from the previous one?
Mathematics
jamiebookeater
  • jamiebookeater
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
\[10,000\times (1.04)^{10}\] for the first one
anonymous
  • anonymous
wow thank you!
anonymous
  • anonymous
yw

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
wow the second one is wrong! it is \[10,000\times (1+\frac{.04}{12})^{120}\]

Looking for something else?

Not the answer you are looking for? Search for more explanations.