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Author Question: Find the future value of a CD paying a 4% APR compounded monthly if you invest $2000 for a term of ... (Read 103 times)

mp14

  • Hero Member
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  • Posts: 534
on: May 5, 2020

Question 1

Between 1995 and 2015 the average annual inflation rate was 2.75%. Find the salary in 2015 dollars that would be equivalent to a $36,000 salary in 1995. Round your answer to the nearest cent.
◦ $60,277.78
◦ $61,935.42
◦ $58,990.19
◦ $59,568.38
◦ $63,459.91

Question 2

Find the future value of a CD paying a 4% APR compounded monthly if you invest $2000 for a term of four years. Round your answer to the nearest cent.
◦ $3224.45
◦ $2026.80
◦ $2346.40
◦ $2339.72
◦ $2422.41
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by mp14 on May 5, 2020

Sarahjh

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Reply #1 on: May 5, 2020
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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mp14

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Reply 2 on: May 5, 2020
Great answer, keep it coming :)

cassie_ragen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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