Homework Clinic

Social Science Clinic => Business => Topic started by: Destiiny22 on Jun 6, 2019

Title: If $3000.00 is invested for seven years and seven months at 6% p.a. compounded quarterly, calculate ...
Post by: Destiiny22 on Jun 6, 2019

Question 1

You invest $8500 in a savings account that pays interest of 4.8% compounded monthly. What is the value of your account after 19 months?
◦ $9119.79
◦ $9169.79
◦ $9219.79
◦ $9999.79
◦ $9669.79

Question 2

If $3000.00 is invested for seven years and seven months at 6% p.a. compounded quarterly, calculate the maturity value.
◦ $3763.18
◦ $4712.57
◦ $4745.43
◦ $3776.32
◦ $4882.57

Title: If $3000.00 is invested for seven years and seven months at 6% p.a. compounded quarterly, calculate ...
Post by: jgranad15 on Jun 6, 2019

Answer 1

$9169.79

Answer 2

$4712.57