Question
QUESTION 1 Ms. Hopson deposited $90 three years ago. The bank provides her a 6% interest rate (compounding annually ). What would be the money
QUESTION 1
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Ms. Hopson deposited $90 three years ago. The bank provides her a 6% interest rate (compounding annually). What would be the money in her bank balance today? For this question, please use the formula (that I required you to memorize) to represent it. You do not need to calculate the answer.
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Ms. Jaso deposit $90 three years ago. The bank provides her a 6% interest rate (compounding monthly). What would be the money in her bank balance today? For this question, please use the formula (that I required you to memorize) to represent it. You do not need to calculate the answer.
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A bank agrees to pay Mr. Pase $ 1,200 after three years when interest rates are compounding at 10% annually. What is the present value of this payment? For this question, please use the formula (that I required you to memorize) to represent it. You do not need to calculate the answer. I do not require timeline this time, but drawing it would be greatly helpful.
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A bank agrees to pay Mr.Pehl $ 1,200 after three years when interest rates are compounding at 10% daily. What is the present value of this payment? For this question, please use the formula (that I required you to memorize) to represent it. You do not need to calculate the answer.
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The Ten Commandments To A Financial Healing
Authors: Ms. Kemberley J Washington
1st Edition
1499607261, 978-1499607260
