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Author Question: You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. The ... (Read 78 times)

SAVANNAHHOOPER23

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Question 1

You make 6 quarterly deposits starting at $135 and increasing at a constant rate of 4.5%. The interest rate is 8.4% compounded quarterly. What is the size of the last deposit?
◦ $168.23
◦ $135.00
◦ $668.23
◦ $186.23
◦ $128.63

Question 2

You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. The interest rate is 5.12% compounded annually. How much has been deposited in total?
◦ $1445.59
◦ $1454.59
◦ $1444.59
◦ $1400.00
◦ $1459.59


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Marked as best answer by SAVANNAHHOOPER23 on Jun 6, 2019

Tonyam972

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