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TWO PART QUESTION!! Please look at both or I will review as not complete. I believe I have the correct answers but would like to
TWO PART QUESTION!! Please look at both or I will review as not complete. I believe I have the correct answers but would like to check them, as well as my math. For the second question, I know that its either B or C, but I am leaning more towards C. Thank you!
Your roommate asks for a loan, offering to make weekly payments of $25 for two years. If the appropriate interest rate is 8.25% APR, compounded weekly, how much would you be willing to lend her today? Assume she will make her first payment of $25 to you in one week. $2,395.08 $2,600.00 O $2,472.36 $1,943.00 $2,122.45 You make 10 monthly payments of $200 (beginning at the end of this month) into a savings account with 10% annual interest compounded monthly. What is the value of these payments one year from today? Assume the payments are reinvested every month until this time. $2,513.11 $2,076.69 $2,111.45 $2,329.83 $2,720.55Step by Step Solution
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