AutoSave ( Off) H Financial_Planning_Assignment_Comparing_Principal_and_Interest - Co.. victoria valdivieso X File Home Insert Design Layout References Mailings Review View Help . Search Ma * x C Sol + X Share Comments Assignment Comparing Principal and Interest Short Answer Directions: Based on your Everfi and review of the two power points: Loans/Interest and Credit Cards. Study the chart below and answer the following questions based on the chart. Your responses will be written on the back of X this paper. Make sure to include your Name, Date, and Period on paper. you an educator? Log in Sign up Compound Interest Start of Principal Interest Principal at year amount earned at 5% end of year 1 $100.00 $5.0 $105.00 2 $105.00 $5.25 $110.25 3 $110.25 $5.51 $115.76 4 $115.76 $5.79 $121.55 5 $121.55 6.08 $127.63 6 $127.63 $6.38 $134.01 7 $134.01 $6.70 $140.71 8 $140.71 $7.04 $147.75 9 $147.75 $7.3 $155.14 10 $155.14 $7.7 $162.90 ey would you have 11 $162.90 $8.14 $171.04 12 $171.04 8.5 $179.59 13 $179.59 $8.98 $188.57 it have on the 14 $188.57 $9.43 $198.00 15 $198.00 $9.90 $207.90 16 $207.90 $10.39 $218.29 ould you receive 1.According to the table, after 12 years, how much money would the $100.00 be worth? 171.04 2.From looking at the table, explain the concept of compound interest. ct would it have on Compound interest is interest you earn not only on the money you put into the account but also on all the interest you have previously built up. ar if you had Page 1 of 3 377 words & English (United States) + 100% III O Type here to search 0 9 Pr M Ps w EN 10:59 PM 5/1/2020AutoSave . Off) H Financial_Planning_Assignment_Comparing_Principal_and_Interest - Co.. victoria valdivieso O X Ma * X C Sol + X File Home Insert Design Layout References Mailings Review View Help - Search Share Comments 1.According to the table, after 12 years, how much money would the $100.00 be worth? O GR NPC ICE ... 171.04 2.From looking at the table, explain the concept of compound interest. Compound interest is interest you earn not only on the money you put into the account but also on all the interest you have previously built up. ak X 3. According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at the end of the first year? you an educator? Log in Sign up 110 dollars 4. According to the table, if you added $50.00 to this account every year, what effect would it have on the interest rate that you earned? it would change by about 200 dollars by the end of the year 5. According to the table, after ten years, how much would the $100.00 be worth? 155.14 ey would you have 6. According to the table, if you took your money out of this account 6 months into year 2, would you receive $115.76? Why or why not? it have on the 7. According to the table, if you added another $100.00 to this account every year, what effect would it have on the interest rate that you earned? it would change by about 400 dollars by the end of the year 8. According to the table, how much would you have in this account at the end of the first year if you had originally deposited $1,000.00? ould you receive 1,050 ct would it have on ar if you had Page 2 of 3 377 words E English (United States) Co - + 100% III O Type here to search Pr M Ps S W EN 11:00 PM 5/1/2020
