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

Author Question: Find the future value of a CD paying a 4% APR compounded monthly if you invest $2000 for a term of ... (Read 138 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: May 5, 2020

Question 1

Between 1995 and 2015 the average annual inflation rate was 2.75%. Find the salary in 2015 dollars that would be equivalent to a $36,000 salary in 1995. Round your answer to the nearest cent.
◦ $60,277.78
◦ $61,935.42
◦ $58,990.19
◦ $59,568.38
◦ $63,459.91

Question 2

Find the future value of a CD paying a 4% APR compounded monthly if you invest $2000 for a term of four years. Round your answer to the nearest cent.
◦ $3224.45
◦ $2026.80
◦ $2346.40
◦ $2339.72
◦ $2422.41
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mp14 on May 5, 2020

Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: May 5, 2020
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 49% of students answer this correctly


mp14

  • Member
  • Posts: 534
Reply 2 on: May 5, 2020
:D TYSM

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Because of immature visual-motor coordination, young children find it hard to throw and catch small ... Because of immature visual-motor coordination, young children find it hard to throw and catch small ...
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
How to quickly find the vertex of a quadratic equation that is in standard form How to quickly find the vertex of a quadratic equation that is in standard form
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
Solve Diophantus’s Problem B–8: To find two numbers such that their difference a Solve Diophantus’s Problem B–8: To find two numbers such that their difference a
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library