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Wk 4 Accounting

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

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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.

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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
Tara Anderson M-3 1 \$1,142.67  2 \$556.63  3 4

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Tara Anderson M-4 Annually Quarterly \$13,604.89  \$13,727.86

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

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