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 108 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?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

The major muscles of the human body, anterior side. The major muscles of the human body, anterior side.
The Major Divisions of the Nervous System The Major Divisions of the Nervous System
Major veins of the body. Apply deep flushing effleurage to the arms and legs from distal to ... Major veins of the body. Apply deep flushing effleurage to the arms and legs from distal to ...
The Three Major Doshas-Basic Constitutional Types The Three Major Doshas-Basic Constitutional Types
Major discoveries in Medicine and Pharmacy Major discoveries in Medicine and Pharmacy
Major Structures of the Eye Major Structures of the Eye
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library