This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the compound interest earned on Josef's principal of 2,750 at 8 interest compounded ... (Read 92 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

A


Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
:D TYSM

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Particles measured, 1970 - 2008 and Trend in Organic Compound 1990 - 2007 Particles measured, 1970 - 2008 and Trend in Organic Compound 1990 - 2007
A compound of iron and sulfur crystallizes in a lattice pattern described as cubic closest ... A compound of iron and sulfur crystallizes in a lattice pattern described as cubic closest ...
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
compound compound
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Inflammation

For a complete list of videos, visit our video library