Day 3 Questions

# Day 3 Questions - 3-1A \$12,000.00 B \$21,589.25 C \$46,609.57...

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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 \$46,609.57...

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