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Author Question: Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded ... (Read 160 times)

Emmejo01

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on: Mar 29, 2022

Question 1

Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually.  How much interest income will Justin earn on this investment?
◦ $80.00
◦ $81.60
◦ $160.00
◦ $161.60

Question 2

Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually.  How much money will be in the account at the end of the second year?
◦ $4,161.60
◦ $4,160.00
◦ $4,080.00
◦ $1,161.60
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Marked as best answer by Emmejo01 on Mar 29, 2022

studyforce.com

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Reply #1 on: Mar 29, 2022
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.
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Emmejo01

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Reply 2 on: Mar 29, 2022
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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