How much will Spike have in his account if he invests $855 for 4 years, compounded semiannually at 6.26%? O $239.07 O $1069.09 O $1094.07 O $214.09
How much will Spike have in his account if he invests $855 for 4 years, compounded semiannually at 6.26%? O $239.07 O $1069.09 O $1094.07 O $214.09
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:How much will Spike have in his account if he invests $855 for 4 years,
compounded semiannually at 6.26%?
O $239.07
O $1069.09
O $1094.07
O $214.09
On the July 5th billing date, Jules had a balance due of 859.85 on his credit card.
The transactions during the following month were:
July 6
July 19
Payment
$270.06
Charge: Auto Repair
$322.00
August 1
Charge: Restaurant
$122.02
The interest rate on the card is 1.2% per month. Using the average daily balance
method, find the finance charge on August 5th (July has 31 days).
O $9.39
O $9.37
O $9.49
O $9.02
Transcribed Image Text:On Saturday, Wade Watts wishes to visit his aunt's home, his best friend's home,
and also make a trip to the GameStop. He estimates the distances among these
locations as follows:
Wade's home to his aunts' home is 5.5 miles; Wade's home to his best friend's
home is 8 miles; Wade's home to GameStop is 2.5 miles; Wade's aunt's home to his
best friend's home is 7 miles; Wade's aunt's home to GameStop is 12 miles; his best
friend's home to GameStop is 4.5 miles.
What is the minimum distance Wade can travel to visit all three destinations and
return home?
O 30 miles
O 19.5 miles
O 29.5 miles
O 17 miles
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