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 116 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
Gracias!

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

(A) Closed (or simple) fracture and (B) open (or compound) fracture. (A) Closed (or simple) fracture and (B) open (or compound) fracture.
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
Particles measured, 1970 - 2008 and Trend in Organic Compound 1990 - 2007 Particles measured, 1970 - 2008 and Trend in Organic Compound 1990 - 2007
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Video: Subunits of DNA And Semi Conservative Replication

For a complete list of videos, visit our video library