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Author Question: You start to save for a major purchase. You can invest $329 every three months starting today for 5 ... (Read 107 times)

serike

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on: Jun 6, 2019

Question 1

You make six monthly deposits of $125 starting now. The interest rate is 6.36% compounded monthly. How much interest has been earned in total?
◦ $14.04
◦ $13.10
◦ $9.01
◦ $11.01
◦ $12.10

Question 2

You start to save for a major purchase. You can invest $329 every three months starting today for 5 years and 9 months. You are able to earn 5.87% compounded semi-annually. What is the amount of interest that you earn during the entire term?
◦ $2029.49
◦ $2292.49
◦ $1475.72
◦ $2229.49
◦ $2092.49
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by serike on Jun 6, 2019

princessflame2016

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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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serike

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Reply #2 on: Jun 6, 2019
TY


princessflame2016

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Reply #3 on: Jun 6, 2019
You're welcome


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