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Mathematics, 23.03.2020 01:42 jessica6597

Use the compound interest formula A=P(1+r/n)^nt

If $10,000 is invested at 2 percent semi-annually for 5 years, what is the amount at the end of the term?

$11,052

$11,049

$11,046

$11,051

If $10,000 is invested at 2 percent monthly for 5 years, what is the amount at the end of the term?

$11,052

$11,049

$11,046

$11,051

How much money would you have in a savings account at the end of one year, if you saved $1000 at two percent interest compounded quarterly? Round to the nearest dollar.

$1018

$1082

$1020

$1050

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Answers: 1

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Use the compound interest formula A=P(1+r/n)^nt

If $10,000 is invested at 2 percent semi...
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