Question 13: Compound Interest Compounding period Future Value Principal Interest Rate Time 250,000 37,750 10 yrs Annually a. 17.23% b. 17.49% С. 20.81% d. 52.09% correction: under compounding period QUARTERLY, NOT semi annually * Question 14: Compound Interest Compounding period Future Value Principal Interest Rate Time 375,000 70,100 5.25% Semi-annually a. 3.40 b. 11.99 C. 32.15 d. 32.22 Question 15: Compound Interest Compounding period Future Value Principal Interest Rate Time 57,350 6.75% 15 mths Monthly a. 62,384.16 b. 130,326.96 С. 157,407.16 d. 865,088.91
Question 13: Compound Interest Compounding period Future Value Principal Interest Rate Time 250,000 37,750 10 yrs Annually a. 17.23% b. 17.49% С. 20.81% d. 52.09% correction: under compounding period QUARTERLY, NOT semi annually * Question 14: Compound Interest Compounding period Future Value Principal Interest Rate Time 375,000 70,100 5.25% Semi-annually a. 3.40 b. 11.99 C. 32.15 d. 32.22 Question 15: Compound Interest Compounding period Future Value Principal Interest Rate Time 57,350 6.75% 15 mths Monthly a. 62,384.16 b. 130,326.96 С. 157,407.16 d. 865,088.91
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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