Regarding compound interest, take the interest rate annually and determine the interest period yourself. (for example, every 3 months, every 50 days...
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C Score on last attempt: 10 out of 4 Score in gradebook: |0 out of 4 Suppose \$20,000 is invested in an account with an APR of 4.8%. a. If the interest is compounded annually, how much interest is earned over the first 6 years? \$ 5760 Preview b. If the interest is compounded monthly, how much interest is earned over the first 6 years? \$ 11520 Preview c. If the interest is compounded daily, how much interest is earned over the first 6 years? \$ 3456000 Preview d. If the interest is compounded continuously, how much interest is earned over the first 6 years? \$ 5760 Preview Submit Question 4. Points possible: 4 License Activat Unlimited attempts.

B. Regarding compound interest, take the interest rate annually and determine the interest period yourself. (for example, every 3 months, every 50 days ....) Derive and answer a question regarding the calculation of the term (11) and interpret it. C. Derive a question that you will calculate future value (S) on compound interest. Also ﬁnd and interpret the "effective interest rate&quot; of this example. D. In a question about internal discount, ﬁnd the calculation of the nominal value (S) and the cash value (Pi). (In this question, please take the interest annually and take the interest cycle as 4-month or 20-day, please resolve and comment.)

QUESTION 30 Find the compound interest earned. Round to the nearest cent. Do not use an interest table. 3 \$16,000 at 10% compounded quarterly for year O \$5296.00 \$1185.59 O \$4800.00 \$1230.25

Question 21 1 points Calculate the amount of compound interest earned on an investment of \$18,000 at 8%, interest compounded quarterly, for 15 months. a) \$1,873.44 b) \$18,788.21 Q) \$883.54 ( d) \$8,725.35

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