Math Personal Finance
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Math Personal Finance
Assume an investment of $7000 earns an APR (Annual Percentage Rate) of 6% compounded monthly for 18 months. The money in your account after 18 months will be $______.
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What is the present value of an investment that will be worth $2000 at the end of five years? Assume an APR (Annual Percentage Rate) of 6% compounded monthly. The present value is $_____ .
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14. Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest
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May Wattson has 50000 to invest in a 4year certificate of deposit that earns an interest rate of 3.75% compounded monthly or 3.50% compounded daily. Based on annual yield which is the better investment?
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May Wattson has 50000 to invest in a 4year certificate of deposit that earns an interest rate of 3.75% compounded monthly or 3.50% compounded daily. Based on annual yield which is the better investment?
asked by Beth on February 12, 2016