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 169 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

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

The Principal Internal Structures of a Multipolar Neuron The Principal Internal Structures of a Multipolar Neuron
Sam Houston—and his horse—earned this heroic tribute. At the Battle of San Jacinto, a musket ball sh Sam Houston—and his horse—earned this heroic tribute. At the Battle of San Jacinto, a musket ball sh
How to calculate present value using the compound interest formula (Question 1) How to calculate present value using the compound interest formula (Question 1)
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Fracture and Repair of Bone Open (Compound) Fracture and Repair of Bone Open (Compound)
Compound Eyes Compound Eyes
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library