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Author Question: If $3000.00 is invested for seven years and seven months at 6% p.a. compounded quarterly, calculate ... (Read 364 times)

Destiiny22

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  • Posts: 557
on: Jun 6, 2019

Question 1

You invest $8500 in a savings account that pays interest of 4.8% compounded monthly. What is the value of your account after 19 months?
◦ $9119.79
◦ $9169.79
◦ $9219.79
◦ $9999.79
◦ $9669.79

Question 2

If $3000.00 is invested for seven years and seven months at 6% p.a. compounded quarterly, calculate the maturity value.
◦ $3763.18
◦ $4712.57
◦ $4745.43
◦ $3776.32
◦ $4882.57
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by Destiiny22 on Jun 6, 2019

jgranad15

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Reply #1 on: Jun 6, 2019
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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Destiiny22

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  • Posts: 557
Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

laurnthompson

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Reply 3 on: Yesterday
Excellent

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