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If you deposited $2,000 in a bank account 19 years ago, what is your account balance today assuming you are paid an interest rate of
If you deposited $2,000 in a bank account 19 years ago, what is your account balance today assuming you are paid an interest rate of 2 percent, compounded semiannually? Sample answer format: 18.756.98 Question 2 1 pts One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $500 per month. You will charge 1.5 percent per month interest on the overdue balance. If the current balance is $18,000, how long (in months) will it take for the account to be paid off? Sample answer format: 15.68 Question 3 2 pts You want to buy a new sports coupe for $60,500, and the finance office at the dealership has quoted you a 5.5 percent APR for a 48 -month loan to buy the car. What is your monthly payment on this auto loan? Sample answer format: 2,356.87
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