This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the compound interest earned on Josef's principal of 2,750 at 8 interest compounded ... (Read 154 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
What is the compound interest earned on Josef's principal of 2,750 at 8 interest compounded quarterly for 2 years? Round to the nearest cent after each calculation.
 A) 327.86
  B) 440.00
  C) 472.06
  D) 620.00

Question 2

What is the compound amount at the end of a 2-year period on a loan with an original principal of 1,750 at 8 compounded semiannually? Round to the nearest cent after each calculation.
 A) 2,047.25
  B) 2,030.00
  C) 2,029.37
  D) 2,370.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

A


Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
Excellent

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Wasp ocelli (simple eyes) and dorsal part of the compound eyes; also showing fine, unbranched hairs Wasp ocelli (simple eyes) and dorsal part of the compound eyes; also showing fine, unbranched hairs
Overview of the cell’s principal chemical building blocks Overview of the cell’s principal chemical building blocks
How to calculate annuity when compounded quarterly (Part 2) How to calculate annuity when compounded quarterly (Part 2)
How to calculate present value using the compound interest formula (Question 1) How to calculate present value using the compound interest formula (Question 1)
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library