Question 6 An online bank offers an 10% APR with daily compounding. Your local bank account...
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Question 6 An online bank offers an 10% APR with daily compounding. Your local bank account pays interest every six months. How much interest will you need to earn every six months to match the online bank? 5.13% 6.53% 10.25% 9.68% 5 pts Question 5 The interest rate on your 30-year mortgage is 3.2% (APR). The amount of the mortgage is $300,000. How much will you pay in principle during the 19th year of your mortgage? O 9,720 O 11,439 10,767 4,802 5 pts Question 6 An online bank offers an 10% APR with daily compounding. Your local bank account pays interest every six months. How much interest will you need to earn every six months to match the online bank? 5.13% 6.53% 10.25% 9.68% 5 pts Question 5 The interest rate on your 30-year mortgage is 3.2% (APR). The amount of the mortgage is $300,000. How much will you pay in principle during the 19th year of your mortgage? O 9,720 O 11,439 10,767 4,802 5 pts
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