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There are 69 points for these questions. Katherine deposited $800 at her local credit union in a savingsO $1,451.20 account at the rate of 7.4%
There are 69 points for these questions.
Katherine deposited $800 at her local credit union in a savingsO $1,451.20 account at the rate of 7.4% paid as simple interest. She will earn $751.20 interest once a year for the next 11 years. If she were to make $863.58 no additional deposits or withdrawals, how much money would $ 1,754.43 the credit union owe Katherine in 11 years? If the credit union pays Katherine an interest rate of 7.4% compounded annually, all other things being equal, how much will Katherine have in her account after 11 years? O $1,754.43 O $859.20 O $1,428.11 O $1,451.20 Before deciding to deposit her money at the credit union, Katherine checked the interest rates at her local bank as well, The bank was paying a nominal interest rate of 7.4% compounded quarterly. If Katherine had deposited $800 at her local bank, how much would she have had in her account after 11 years? O $860.86 O $751.20 O $142.43 O $1,792.15Step by Step Solution
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