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

Author Question: You start to save for a major purchase. You can invest $329 every three months starting today for 5 ... (Read 67 times)

serike

  • Hero Member
  • *****
  • Posts: 542
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by serike on Jun 6, 2019

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
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.
Answer Preview
Only 55% of students answer this correctly


serike

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Jun 6, 2019
TY


princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

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 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

The major skeletal muscles—posterior superficial view. The major skeletal muscles—posterior superficial view.
The Major Divisions of the Nervous System The Major Divisions of the Nervous System
Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
Major Effects of Thyroid Hormone in the Body Major Effects of Thyroid Hormone in the Body
Major muscles of the face and head. Major muscles of the face and head.
Morandi ft Helen - Save me Lyrics Sorin HD Morandi ft Helen - Save me Lyrics Sorin HD
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library