Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need jus the final answer and this is Financial math Test: MATH119 Test #2 Summer 2021 (D Question 5 Score: 0 of 3 points

I need jus the final answer and this is Financial math

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Test: MATH119 Test #2 Summer 2021 (D Question 5 Score: 0 of 3 points Submit Test What sum of money will grow to $7442.16 in nine years at 2.1% compounded annually? The sum of money is $ . (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 (D Question 4 Score: 0 of 3 points 3 Submit Test What is the principal that will grow to $2000 in eight years, one month at 8.1% compounded semiannually? The principal is $ . {Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 G) Question 3 Score: 0 of 2 points Submit Test Find the future value of the following investment. Nominal Frequency of Principal Rate Conversion Time $8120.00 4.4% semi-annually 5 years The future value is $I:|. (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 CD Question 2 Score: 0 of 4 points i3 Submit Test The Continental Bank advertises capital savings at 7.6% compounded annually while TD Canada Trust offers premium savings at 7.4% compounded monthly. Suppose you have $2000 to invest for two years. (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (a) The V savings account will earn more interest. (b) The difference is $ . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 (D Question 1 Score: 0 of 3 points (

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Linear Algebra A Geometry Toolbox

Authors: Gerald Farin, Dianne Hansford

3rd Edition

1466579587, 9781466579583

More Books

Students also viewed these Mathematics questions

Question

5. Give examples of binary thinking.

Answered: 1 week ago