Wk 4 Accounting

Wk 4 Accounting - If Heather wants more out of her money...

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
Tara Anderson Exercise M-1 1. a $33,600  b $3,600  c $35,400  2 $35,616  3 Using the simple method you take the principal times the rate times the length of the loan, with compound you take the  principal times the rate, then that total times the rate again times the length of the loan. If you are using the compound method you will either earn more if you have a saving or if it is a loan you will owe more than with simple interest. 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Tara Anderson M-2 1 annually $17,804.19  2 quarterly $2,120.32  3 annually $9,053.20  semi-annually $16,756.84  4 semi-annually $1,480.24  quarterly $3,536.23 
Background image of page 2
Tara Anderson M-3 1 $1,142.67  2 $556.63  3 4
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Tara Anderson M-4 Annually Quarterly $13,604.89  $13,727.86 
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 8
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 10
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 12
Background image of page 13
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: If Heather wants more out of her money she will invested it compounded quarterly, by doing this she will earn $122.97 more in a four year time period. Tara Anderson M-5 $2,082.27 Tara Anderson M-6 1 14 1 year 2 months 2 9 9 years 3 17 4 years 1 month Tara Anderson M-7 1 4% 2 5% 3 4% Tara Anderson M-8 1 11 11 years 2 23 11 years 1 month 3 30 7 years 2 months Tara Anderson M-9 1 44% 2 45% 3 24% Tara Anderson M-10 1 $113.94 2 $1,956.52 3 $5,255.89 Tara Anderson M-11 1 $148,890.39 2 $1,303.63 3 1.6 4 8% Tara Anderson M-12 1 $3,019.21 2 35 3 6% 4 1 Tara Anderson M-13 8% would be the interest rate Valley would be paying....
View Full Document

This note was uploaded on 05/29/2011 for the course EC 2011 taught by Professor Johnson during the Spring '11 term at FIT.

Page1 / 13

Wk 4 Accounting - If Heather wants more out of her money...

This preview shows document pages 1 - 13. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online