1,200 is deposited today into an account paying 6 interest compounded semiannually. How much interest will have been earned after 25 years?
A) 3,950.24
B) 1,312.53
C) 20,904.19
D) 5,260.69
E) 4,060.69
Question 2
The Euro increased dramatically in value against the U.S. dollar between 2000 and 2009. The result
has been that
A) U.S. exports are more competitive in Europe.
B) U.S. travelers are finding it less expensive to travel in Europe.
C) European exports to the United States are more competitive.
D) U.S. goods cost more in Europe.
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
How to calculate annuity when compounded semi-annually (Part 1)
How to calculate present value using the compound interest formula (Question 2)
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