Question
1. Johnny James invests at $20,000 at 6.00% for 6 years, compounded monthly. What is his total value at the end of the investment? 2.
1. Johnny James invests at $20,000 at 6.00% for 6 years, compounded monthly. What is his total value at the end of the investment?
2. Janet Wilson bought a five-year CD @ 3.00%, designed to yield $100,000 at the end of her investment. What is the amount of that investment at the beginning of the period, if interest accumulates quarterly?
3. If I finance a $12,000 truck at 4.75% and want to pay $265.00 per month, how many months must I pay on it?
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
