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Question 2 Billy plans to invest $18,000 in a CD that compounds 1.5% monthly. He must keep his money in the CD for 10 years.
Question 2 Billy plans to invest $18,000 in a CD that compounds 1.5% monthly. He must keep his money in the CD for 10 years. How much money will he have when the investment ends? $19,629.83 $20,911.06 $22,022.74 $21,632.49 Question 4 You start a newjob as a manufacturing sales representative. You are paid $22 per hour plus a 16% commission on all of your sales. How much will you earn if you work 2,400 hours and sell $300,000 worth of product this year? $88,900 $52600 $92,400 $100,800 Question 1 If $15,000 is invested at 6.5% annual interest compounded annually, how long would it take for the account balance to reach $50,000? Round your answer to the nearest tenth. 22.5 years 25.9 years 19.1 years 17.3 years Question 3 O Mark this question Suppose $30,000 is deposited into an account paying 4.5% interest, compounded continuously. How much money is in the account after 8 years if no withdrawals or additional deposits are made? O $41,920.34 O $42,999.88 O $41,788.24 O $42,866.59
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