Author Question: How much would Sophie have in her account at the end of 10 years if she deposit 2,000 into the ... (Read 106 times)

saraeharris · **on:** Jul 10, 2018

How much would Sophie have in her account at the end of 10 years if she deposit 2,000 into the account today if she earned 8 percent interest and interest is compounded continuously?

A) 4,317
B) 4,134
C) 4,451
D) 4,521

Question 2

Gina has planned to start her college education four years from now. To pay for her college education, she has decided to save 1,000 a quarter for the next four years in a bank account paying 12 percent interest.

How much will she have at the end of the fourth year?
A) 1,574
B) 19,116
C) 20,157
D) 16,000