David spear invested $14,000 today in a fund that earns 10% compounded annually. click here to view factor tablesto what amount will the investment grow in 4 years? to what amount would the investment grow in 4 years if the fund earns 10% annual interest compounded semiannually?

Answer

given,

compounded annually

Present Value (PV) = $14,000

rate = 10%

time = 4 years

Future value =  ?

F V = P V x (1 + i)ⁿ

F V = $14,000 x (1 + 0.1)⁴

F V = $14,000 x 1.4641

F V = $ 20,497.4

compounded semiannually

Present Value (PV) = $14,000

rate = 5%

time = 8

Future value =  ?

F V = P V x (1 + i)ⁿ

F V = $14,000 x (1 + 0.05)⁸

F V = $14,000 x 1.4775

F V = $ 20,684.37

d. i assume the underlined word is "role." reformat if it isn't.

explanation:

role is closest to part because when replacing words, "playing a vital decision," "playing a vital activity," and "playing a vital dollar" don't make logical sense. the only meaningful choice is "playing a vital part."

this fits one of merriam-webster's definitions of role: "a function or part performed especially in a particular operation or process."