QUESTION 8
Find Future Value Using Compound Interest Formula:
You deposit $6,000 in an accoun...
Mathematics, 14.07.2020 02:01 woodsjnjoseph3
QUESTION 8
Find Future Value Using Compound Interest Formula:
You deposit $6,000 in an account earning 4% interest compounded monthly. How much will you have in the account in 5 years?
A $9,677.95
B. $6,100.67
C. $7,325.98
D. $7,200
QUESTION 9
Find Future Value Using Compound Interest Formula:
You deposit $5,000 in an account earning 5% interest compounded quarterly. How much will you have in the account in 10 years?
A $5,661.35
B. $7,500
C. $8,235.05
D. $8,218.10
Answers: 2
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