3.) Your 2 year investment of $5,300 earns 2.9% and is compounded annually. What will

your total return be?

Answer:

4.) You invested $100 at 8.2% which is compounded annually for 7 years. How much will

your $100. be worth in 7 years?

Answer:

5.) Your investment of $18,100 at 13.6% compounded quarterly for 71/2 years will be worth

how much?

Answer:

6.) You invested your allowance of $270 which gets 15% compounded annually for 3 years.

How much will you have in 3 years?

Answer:

7.) You gave your friend a short term 2 year loan of $43,000 at 3% compounded annually.

What will be your total return?

Answer:

VaR -

104 and is comnounded semi annually for 7 1/2 vears

Question

Business

Jayden Wise

15 April, 23:00

3.) Your 2 year investment of $5,300 earns 2.9% and is compounded annually. What will

your total return be?

Answer:

4.) You invested $100 at 8.2% which is compounded annually for 7 years. How much will

your $100. be worth in 7 years?

Answer:

5.) Your investment of $18,100 at 13.6% compounded quarterly for 71/2 years will be worth

how much?

Answer:

6.) You invested your allowance of $270 which gets 15% compounded annually for 3 years.

How much will you have in 3 years?

Answer:

7.) You gave your friend a short term 2 year loan of $43,000 at 3% compounded annually.

What will be your total return?

Answer:

VaR -

104 and is comnounded semi annually for 7 1/2 vears

+2

Answers (1)

Know the Answer?

Cadence Simpson · Answer 1

3) 5,611.86

4) 173.62

5) 47099.47

6) 410.64

7) 45618.7

Explanation:

3) Answer : 5300 (1.029) ^2 = 5,611.86

4) Answer : 100 (1.082) ^7 = 173.62

5) Answer : 18,100 (1.136) ^7.5 = 47099.47

6) Answer : 270 (1.15) ^3 = 410.64

7) Answer : 43,000 (1.03) ^2 = 45618.7