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Author Question: What is the compound interest earned on Josef's principal of 2,750 at 8 interest compounded ... (Read 163 times)

Frost2351

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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


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Ahernandez18

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

C

Answer to Question 2

A


Frost2351

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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