Question

QUESTION 6 If the interest rate is 6% compounded quarterly, how long (number of quarters) does it take to earn $100 interest on an initial deposit of $300? a. 20 quarters b. 9 quarters c. 28 quarters d. 17 quarters QUESTION 7 If you had $1,000 now and invested it at 6%, how much would it be worth 12 years from now? a. $4,783.00 b. $1,521.00 c. $2,012.00 d. $821.00 QUESTION 8 On July 1 and September 1, you placed $2,000 into an account paying 3% compounded monthly. Approximately how much was in the account on October 1? a. $7,281.32 b. $4,020.00 c. $2,810.25 d. $5,705.10

          QUESTION 6
If the interest rate is 6% compounded quarterly, how long (number of quarters) does it take to earn $100 interest on an initial deposit of $300?
a. 20 quarters
b. 9 quarters
c. 28 quarters
d. 17 quarters
QUESTION 7
If you had $1,000 now and invested it at 6%, how much would it be worth 12 years from now?
a. $4,783.00
b. $1,521.00
c. $2,012.00
d. $821.00
QUESTION 8
On July 1 and September 1, you placed $2,000 into an account paying 3% compounded monthly. Approximately how much was in the account on October 1?
a. $7,281.32
b. $4,020.00
c. $2,810.25
d. $5,705.10

QUESTION 6
If the interest rate is 6% compounded quarterly, how long (number of quarters) does it take to earn $100 interest on an initial deposit of $300?
a. 20 quarters
b. 9 quarters
c. 28 quarters
d. 17 quarters
QUESTION 7
If you had 1,000 now and invested it at 6%, how much would it be worth 12 years from now?
a.4,783.00
b. 1,521.00
c.2,012.00
d. 821.00
QUESTION 8
On July 1 and September 1, you placed2,000 into an account paying 3% compounded monthly. Approximately how much was in the account on October 1?
a. 7,281.32
b.4,020.00
c. 2,810.25
d.5,705.10

Added by Martin R.

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