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Author Question: You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal ... (Read 66 times)

BrownTown3

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on: Apr 25, 2021

Question 1

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded monthly. What is the future value in the account after seven years?
◦ $14,055.44
◦ $13,975.47
◦ $13,641.02
◦ $13,336.23
◦ $14,726.68

Question 2

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded quarterly. What is the future value in the account after seven years?
◦ $13,975.47
◦ $13,641.02
◦ $13,336.23
◦ $14,726.68
◦ $14,055.44
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Marked as best answer by BrownTown3 on Apr 25, 2021

tofugiraffe

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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BrownTown3

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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