Question

PLEASE HELP, 5 MATH QUESTIONS, I WILL FAN WHOEVER HELPS ME!

1. For the investment with interest compounded annually, find the final balance and the total interest earned.

$70,600 for 3 years at 4.2%



A.


final balance: $70,896.52
interest earned: $296.52


B.


final balance: $73,565.20
interest earned: $2965.20


C.


final balance: $79,495.60
interest earned: $8895.60


D.


final balance: $79,874.45
interest earned: $9274.45


2. For the investment with interest compounded annually, find the final balance using the formula A = P(1

Answer 1

A.
$37,080.00


B.
$40,860.00


C.
$41,121.60


D.
$117,232.38

Answer 2

answers to #2

Answer 3

#3. What is the final balance for an account starting with $3000 at 2.5% interest compounded annually for 4 years?

A = P(1 + r)t



A.
$3075.00


B.
$3300.00


C.
$3311.44


D.
$7324.22

Answer 4

#4. Village Bank offers 5% simple interest on deposits. Central Bank offers 4% interest compounded annually.

Marta deposits $8000 in Village Bank and Lucas deposits $8000 in Central Bank.

What is the difference in final balances for Marta and Lucas at the end of 3 years?



A.
$80.00


B.


$201.09


C.
$262.09


D.
$301.00

Answer 5

and #5. Lindsay invested $4500 at 4% interest compounded annually.

How much interest will she earn in 10 years?



A.
$180.00


B.
$187.27


C.
$1800.00


D.
$2161.10

Answer 6

plz help!

Answer 7

someone?
plz? help?

Answer 8

sorry,friend...not familiar with commercial maths.......

Answer 9

oh, ok

Answer 10

I will friend anyone who helps!!!