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Author Question: Kayla hopes to purchase a new car in five years. If she deposits $10,000 today in an account that ... (Read 54 times)

HCHenry

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on: Apr 25, 2021

Question 1

Kathy deposited $100 in a savings account that paid 8% interest, compounded annually. How much compound interest did she earn after 2 years?
◦ $15.64
◦ $16.64
◦ $8.08
◦ $8.00
◦ $8.64

Question 2

Kayla hopes to purchase a new car in five years. If she deposits $10,000 today in an account that pays 7% compounded quarterly, how much will she be able to spend on the new car in five years?
◦ $14,025.52
◦ $10,700.00
◦ $14,147.78
◦ $13,500.00
◦ $15,000.00
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by HCHenry on Apr 25, 2021

emsimon14

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Reply #1 on: Apr 25, 2021
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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HCHenry

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

brbarasa

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

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