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

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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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
Transcribed Image Text: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 11: Compound Interest
Compounding
period
Semi-annually
Future Value Principal
Interest Rate
Time
?
800
8%
5 yrs
a.
1,184.20
b. 1,190.31
С.
23,140.37
d. 34,183.76
Question 12: Compound Interest
Compounding
period
Future Value Principal
Interest Rate
Time
2,000,000
7%
10 yrs
Quarterly
a.
3,158.75
b. 999,201.97
С.
1,001,189.70
d. 4,003,194.69
Transcribed Image Text:Question 11: Compound Interest Compounding period Semi-annually Future Value Principal Interest Rate Time ? 800 8% 5 yrs a. 1,184.20 b. 1,190.31 С. 23,140.37 d. 34,183.76 Question 12: Compound Interest Compounding period Future Value Principal Interest Rate Time 2,000,000 7% 10 yrs Quarterly a. 3,158.75 b. 999,201.97 С. 1,001,189.70 d. 4,003,194.69
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