Day 3 Questions

Day 3 Questions - 3-1A. $12,000.00 B. $21,589.25 C....

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Unformatted text preview: 3-1A. $12,000.00 B. $21,589.25 C. $46,609.57 D. $14,693.28 E. $14,802.00 3-2For 3-1, if the interest was compounded semi-annually, your answer would be:A. $46,609.57 B. $21,589.25 C. $14,802.00 D. $12,000.00 E. $14,693.28 3-3For 3-1, if the interest was compounded quarterly, your answer would be:A. $14,693.28 B. $21,589.25 C. $46,609.57 D. $12,000.00 E. $14,859.00 3-4A. $160,000.00 B. $179,084.77 C. $176,234.17 D. $560,000.00 E. $112,000.00 3--5A. $21,536.27 B. $32,791.36 C. $30,000.00 D. $31,800.00 E. $32,000.00 3-6A. $890,000.00 B. $841,700.00 C.$890,000.00 D. $923,800.00 E. $792,100.00 The answers to some of the questions below were done using a chart, not a calculator. This means the answers might not exactlymatch what you get with your calculator.If you put $10,000 in a bank which pays interest at 8% compounded annually, at the end of five years you will have:If you put $100,000 in a bank that pays interest at 12% compounded annually, how much would your have in 5 years?You invested $10,000 in the bank on January 1, 20x1 and another $10,000 on July 1 of 20x1, and another $10,000 on January 1, 20x2. 20x1, and another $10,000 on January 1, 20x2....
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Day 3 Questions - 3-1A. $12,000.00 B. $21,589.25 C....

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