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can you help with these thank you? A bond promises to pay interest at a rate of 8% per year for 4 years on a
can you help with these thank you?
A bond promises to pay interest at a rate of 8% per year for 4 years on a principal balance of $1000. Each interest payment is reinvested at 8% for the remaining years. What will be the value of the principal and interest payments at the end of 4 years? A. $2000 8. More than $1320 but less than $2000 C. $1000 OD. $320 O E $1320 QUESTION 4 You are able to put $1,200 in the bank now, and another $1,400 in 1 year. If you earn an 8% rate of interest per year, how much will you have in 2 years? $2,600 B. Less than $2,600 C. More than $4,000 OD. More than $2,600 but less than $4,000 Step by Step Solution
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