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 110 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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Major cell types in the human body. Major cell types in the human body.
Casting numbers on major components can be either cast or stamped. Casting numbers on major components can be either cast or stamped.
Major Wind Systems: Sea and Land Breezes Major Wind Systems: Sea and Land Breezes
I NEED IT FOR TODAY PLEASE 14 QUESTIONS I NEED IT FOR TODAY PLEASE 14 QUESTIONS
4 QUESTIONS PEASE I NEED IT TODAY AND I DONT HAVE MORE CREDITS TO START A NEW TOPIC 4 QUESTIONS PEASE I NEED IT TODAY AND I DONT HAVE MORE CREDITS TO START A NEW TOPIC
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: Hip Animation

For a complete list of videos, visit our video library