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Author Question: What is the compound amount if Alicia deposited 6,500 at 10 interest compounded quarterly for one ... (Read 80 times)

ericka1

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on: Jun 24, 2018
What is the compound amount if Alicia deposited 6,500 at 10 interest compounded quarterly for one year? Round to the nearest cent after each calculation.

Question 2

What is the compound interest earned at the end of a 2-year period on a loan with an original principal of 8,000 at 7 compounded annually?


Alyson.hiatt@yahoo.com

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Reply #1 on: Jun 24, 2018
Answer to Question 1

7,174.78;

Answer to Question 2

1,159.20;


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