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Author Question: Suppose $1000 is invested at 8%. How much is in the account at the end of 1 year, if interest is ... (Read 28 times)

Haya94

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Question 1

Suppose $1000 is invested at 5%.  How much is in the account at the end of 1 year, if interest is compounded hourly?
◦ $9,198,000.00
◦ $1051.16
◦ $1000.01
◦ $1051.27

Question 2

Suppose $1000 is invested at 8%.  How much is in the account at the end of 1 year, if interest is compounded quarterly?
◦ $1021.88
◦ $1090.41
◦ $4350.00
◦ $1091.10


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Marked as best answer by Haya94 on Jun 16, 2021

Silverbeard98

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Haya94

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Reply 2 on: Jun 16, 2021
Excellent


AngeliqueG

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Reply 3 on: Yesterday
Gracias!

 

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