1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually. What is your total return?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually.
What is your total return?
Answer:
2.) You borrowed $59,000 for 2 years at 11% which was compounded annually. What total
will you pay back?
Answer:
3.) Your allowance of $190 got 11% compounded monthly for 1 2/3 years. What's it worth
after the 1 2/3 years?
Answer:
4.) Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how much
now?
Answer:
Transcribed Image Text:1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually. What is your total return? Answer: 2.) You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back? Answer: 3.) Your allowance of $190 got 11% compounded monthly for 1 2/3 years. What's it worth after the 1 2/3 years? Answer: 4.) Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how much now? Answer:
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