Corporate FInace Assignment/ Professional Essay Writers
May 16th, 2020
1) An account was opened with $1,000 ten years ago. Today, the account balance is $1,500. If the account paid interest compounded annually, how much interest on interest was earned?
A) $130.28.
B) $86.20.
C) $500.00.
D) $102.39.
E) $93.10.
2) During years 2 and 3 combined, the account earned $10 compound interest. How much was in simple interest?
A) $80.
B) $110.
C) $30.
D) $105.
E) $120.
3) What is the future value of $7,540 invested at 6.5% interest for seven years?
A) $10,330.45.
B) $11,041.26.
c) $11,001.93.
D) $11,337.37.
E) $11,717.06. Get Finance Help Today
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