Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of...
Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of interest, compounded monthly. How much will the note be worth at the end of 7 years, assuming that all interest is reinvested at the 11% rate?
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$20,079.20 |
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$21,152.00 |
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$22,281.40 |
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$21,522.04 |
Homework Answers
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Your client invested $10,000 in an interest bearing promissory
note earning an 11% annual rate of...
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1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest rate of 5%, compounded monthly, for 18 months. 2, How much money should be invested in an account that earns 6% annual interest, com- pounded monthly, in order to have $15, 000 in 5 years? 3. How much interest is earned on a $2000 deposit for 2 years at a 0.12% monthly interest rate. compounded daily?
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Question 7 If A, dollars are invested at annual interest rate r, compounded monthly, then after...
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If $3500 is invested in an account earning 11% annual interest compounded continuously, then the number...
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