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October 24, 2014

Homework Help: consumer math

Posted by tina on Sunday, February 12, 2012 at 1:08am.

Jim opened an account with $400. The account pays three percent quarterly. How much is in the account at the end of two years? Round to the nearest dollar. (Points : 1)


5. Use this table to answer questions 5 through 8.
Principal Rate Compounded Time Final Amount
$10,000 2% daily 5 y A
$10,000 2% quarterly 5 y B
$10,000 3% semiannually 10 y C
$10,000 3% quarterly 10 y D

Calculate A. Round to the nearest dollar.

(Points : 1)


6. Calculate B. Round to the nearest dollar. (Points : 1)


7. Calculate C. Round your answer to the nearest dollar. (Points : 1)


8. Calculate D. Round your answer to the nearest dollar. (Points : 1)

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