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Unformatted text preview: d. Accumulated amount with simple interest e. Present Value with simple interest f. None of the above. Math 1313 Homework 10 Section 5.1 2 6. How much money will he receive if the interest is compounded annually? a. $34,626.88 b. $55,982.22 c. $45,000.00 d. $60,214.66 e. $50,338.34 f. None of the above. 7. How much money will he receive if the interest is compounded semiannually? a. $55,789.33 b. $52,773.32 c. $33,886.16 d. $60,000.00 e. $59,308.30 f. None of the above. 8. How much money will he receive if the interest is compounded quarterly? a. $53,357.25 b. $33,506.76 c. $44,000.00 d. $62,000.00 e. $57,800.30 f. None of the above. Answer questions 9 and 10 for problem number 42 from the book. 9. Find the effective rate semiannually. a. 9.3807% b. 9.0000% c. 9.3083% d. 9.2025% e. 9.1506% f. None of the above 10. Find the effective rate monthly. a. 9.3807% b. 9.0000% c. 9.3083% d. 9.2025% e. 9.1506% f. None of the above...
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This note was uploaded on 09/15/2010 for the course MATH Math 1313 taught by Professor Abdelnourahmedzaid during the Fall '10 term at University of Houston.
 Fall '10
 AbdelnourAhmedZaid
 Math

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