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You deposited S1.000 in a savings account that pays 9 percent interest, compounded quarterly. How much will your account be worth in 6 years? SI.608.44
You deposited S1.000 in a savings account that pays 9 percent interest, compounded quarterly. How much will your account be worth in 6 years? SI.608.44 S2.067.22 0Sl.377.10 Sl.705.77 Sl. 950.99 How many years would it take S50 to triple if it was invested in a bank that pays 8% per year? 16.24 12.75 11.58 18.85 14.27 3-Supposc you invested $800 in stocks 10 years ago. If your account is now worth $5.875, what rate of return did your stocks earn? 15.02% 22.07% 13.05% 8.08% 11.03% The next two questions are based on the following: You want to buy a house for $250.000 and the terms are 20 percent down, the balance to be paid off over 30 years in monthly installments at 7 percent rate of interest. 4-What is your monthly mortgage payment? $1.593 $1, 330.60 $24.829 $1, 199.10 $1, 467.53 5-What is the total interest you paid during the first 4 years of the loan life? $62.879.48 $54.818.13 $65.147.36 $78.I9I.47 $42, 256.38
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