Question

please help

Answer 1

Okay, first things first — the word is "principal" when referring to a sum of money :-)

I agree with your answer choices.

Answer 2

#1
211,000

lol we would all be rich :)

Answer 3

Problem 1 has two obviously wrong answers, a correct answer, and an answer that you would get if you did simple interest instead of compounding.

Problem 2 has an obviously wrong answer as well.

@dumbcow there's another post where the problem says the guy invests $2000 at 95% interest compounded annually for 10 years or something like that — must be investing with Bernie "Made-off" Madoff :-)

Answer 4

:)