If 47400 dollars is invested at an interest rate of 7 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent.
(a) annual: $
(b) semiannual: $
(c) monthly: $
(d) daily: $

Part A) Annual  

Part B) Semiannual  

Part C) Monthly  

Part D) Daily

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

Part A)

Annual

in this problem we have  

substitute in the formula above  

Part B)

Semiannual

in this problem we have  

 substitute in the formula above  

Part C)

Monthly

in this problem we have  

substitute in the formula above  

Part D)

Daily

in this problem we have  

substitute in the formula above  

$4034.40

the perimeter of the field is the sum of the lengths of the four sides:

47 yd + 158 yd + 47 yd + 158 yd = 410 yd

the cost of 3 ft (1 yd) of fence is 3×$3.28 = $9.84.

so the cost of jake's wood perimeter fance is

(410 yd) × ($9.84 /yd) = $4034.40

inch

step-by-step explanation:

yard and mile are too big.