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Author Question: How much would Sophie have in her account at the end of 10 years if she deposit 2,000 into the ... (Read 95 times)

saraeharris

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on: Jul 10, 2018
How much would Sophie have in her account at the end of 10 years if she deposit 2,000 into the account today if she earned 8 percent interest and interest is compounded continuously?
 
  A) 4,317
  B) 4,134
  C) 4,451
  D) 4,521

Question 2

Gina has planned to start her college education four years from now. To pay for her college education, she has decided to save 1,000 a quarter for the next four years in a bank account paying 12 percent interest.
 
  How much will she have at the end of the fourth year?
  A)  1,574
  B) 19,116
  C) 20,157
  D) 16,000


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Liamb2179

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

C


saraeharris

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

FergA

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

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