Find the value of a $1,000 certificate in 3 years, if the interest rate is 14% compounded annually.
Please round the answer to the nearest cent.
$ __________
Correct Answer:
Verified
Q13: Consider the 20-year fixed-rate home loan of
Q14: Consider the 35-year fixed-rate home loan of
Q15: For 6 years, Thompson Cleaners deposits $900
Q16: If $3,000 is compounded annually at 6.5%
Q17: For 7 years, Thompson Cleaners deposits $800
Q19: State the type and answer the question.
Q20: Find the value of a $3,000 certificate
Q21: Find the monthly payment for the loan.
Finance
Q22: Find the value of the annuity at
Q23: Find the monthly payment for the loan.
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