DQ 2.xlsx - Kimberly Simmons Suppose you want to buy a car and have decided that you can save \$100 a month Using information from an internet source

# DQ 2.xlsx - Kimberly Simmons Suppose you want to buy a car...

• Homework Help
• 3

This preview shows page 1 - 3 out of 3 pages.

Kimberly Simmons Interest Rate of Savings : 2.25% PMT 100 Rate: r 2.25% Time: t (number of years) 2 Periods: n (compounding periods per year) 12 Periodic Rate: r/n 0.1875% Amount: A \$2,452.47 1. How much money will you have saved in a year’s time? \$2,452.47 2. How much will be interest? \$1,252.47 3. Why wouldn’t a linear model work here? Suppose you want to buy a car and have decided that you can save \$100 a month. Using information fr internet source, determine the current interest rate on savings accounts and use the information to ans

Subscribe to view the full document.

• Winter '17
• Period, \$1,252.47 3, \$2,452.47, \$2,452.47 1

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes