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Author Question: What nominal rate of interest-compounded quarterly will have to be earned on a savings account for ... (Read 226 times)

SAVANNAHHOOPER23

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on: Jun 6, 2019

Question 1

At what nominal rate of interest compounded quarterly will $ 13 000.00 earn $8407.27 in interest in six years? (nearest hundredth)
◦ 1.83%
◦ 18.4%
◦ 2.10%
◦ 7.33%
◦ 8.4%

Question 2

What nominal rate of interest-compounded quarterly will have to be earned on a savings account for it to grow from $1525 to $1955 over a period of 21 months?
◦ 15.45%
◦ 12.45%
◦ 10.45%
◦ 3.61%
◦ 14.45%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by SAVANNAHHOOPER23 on Jun 6, 2019

brittanywood

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Reply #1 on: Jun 6, 2019
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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SAVANNAHHOOPER23

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Reply #2 on: Jun 6, 2019
Thanks


brittanywood

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Reply #3 on: Jun 6, 2019
Welcome :)


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