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Author Question: You plan to invest $2,500 in a money market account which will pay an annual stated (nominal) ... (Read 76 times)

itsmyluck

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on: Apr 25, 2021

Question 1

You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?
◦ $1,476,670.57
◦ $1,230,558.81
◦ $1,506,203.98
◦ $1,772,004.69
◦ $1,974,367.39

Question 2

You plan to invest $2,500 in a money market account which will pay an annual stated (nominal) interest rate of 8.75%, but which compounds interest on a weekly basis. If you leave this money on deposit for one year (52 weeks), what will be your ending balance when you close the account?
◦ $2,583.28
◦ $2,611.72
◦ $2,681.00
◦ $2,703.46
◦ $2,728.40
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Marked as best answer by itsmyluck on Apr 25, 2021

joneynes

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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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itsmyluck

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

xoxo123

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Reply 3 on: Yesterday
:D TYSM

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