Question

1. Using Table 1---Find the Future Value of $5,000 at 6% interest compounded semi-annually for 2 years.

$5,627.55

$5.835.64

$5,527.55

$5,735.64

2.Using Table 2---Find the Compound Interest on $2,500 at .75% interest compounded daily by Leader Financial Bank for 20 days.

$1.02

$10.30

$1.03

$6.31

3.Using Table 3---Find the amount of money that needs to be invested in order to have $1,500 in 3 years if you would receive 2.5% interest compounded annually.    $1,376.45 $1,403.56 $1,259.35 $1,392.90 4.Using Table 1---Find the Future Value of a $7,000 investment at 2% interest compounded semi-annually for 6 years. $7,877.68 $9,887.81 $7,887.81 $8,877.68 5.Using Table 2---How much Compound Interest is earned on a deposit of $1,500 at .5% interest compounded daily for 30 days. $0.62 $3.69 $0.61 $0.90 6 Using Table 3---Find the amount of money that needs to be invested in order to have $4,000 in 2 years if you would receive 2% compounded quarterly. $3,589.78 $3,712.34 $3,843.56 $3,413.96 7 Using Table 1---Find the Future Value of a $1,000 loan at 12% interest compounded monthly for 2 years. $269.73 $1,324.56 $1,269.73 $324.56 8 Using Table 2---Find the Compound Interest for John McCormick. He can invest $8,000 at .5% interest for 15 days compounded daily. $1.65 $2.75 $2.64 $1.64 9 Using Table 3---Find the amount of money that needs to be invested in order to have $1,800 in 1 year if you would receive 6% interest compounded monthly. $1,695.44 $1,398.70 $1,595.45 $1,8.34.29 10 Using Table 1---Find the Future Value of $18,500 at 6% interest compounded quarterly for 4 years. $23,476.32 $21,998.97 $22,668.33 $21,675.88 11 Using Table 2---Find the Compound Interest on $8,000 at 1.25% interest for 180 days if it is compounded daily. $58.46 $49.46 $49.47 $48.49 12 Using Table 3---Find the amount of money that needs to be invested in order to have $4,000 in 4 years if you would receive 6% interest compounded quarterly. $2,834.67 $3,315.21 $2,476.32 $3,152.12 13 Using Table 1---Find the Future Value of a $10,000 investment that is invested for 5 years at 4% interest compounded semi-annually. $12,665.89 $12,189.90 $12,912.54 $10,189.90 14 Using Table 2---Find the Compound Interest on $2,000 at .75% interest compounded daily for 21 days. $0.86 $1.06 $1.86 $0.76 15 Using Table 3---Find the amount of money that needs to be invested in order to have $2,000 in 5 years if you would receive 3% interest compounded semi-annually. $1,9121.25 $1,723.34 $1,599.78 $1,898.51 16 Using Table 1---Find the Future Value of a $3,000 investment at 3% interest compounded semi-annually for 5 years. $2,968.12 $3,481.62 $2,986.12 $3,418.62 17 Using Table 2---Find the Compound Interest on $5,000 at 2.5% interest compounded daily for 120 days. $45.25 $41.26 $40.26 $41.25 18 Using Table 3---Find the amount of money that needs to be invested in order to have $700 in 6 years if you would receive 6% interest compounded quarterly. $489.68 $409.68 $389.65 $498.59 19 Using Table 3---Dereck Anderson plans to buy a house in four years. He will make an $8,000 down payment on the property. How much should he invest today at 6% interest compounded quarterly to have the required amount in four years? $8,000.00 $6,304.24 $7,354.78 $6,504.24 20 Using Table 1---If you were offered $600 today or $680 in one year; whichwould you accept if the $600 can be invested at 6% interest compounded semi-annually? Neither amount $600.00 $674.16 $680.00   Previous| Skip| Save Total Questions20 Answered Questions0 Unanswered Questions20 Time 00Hours02Minutes12Seconds

Answer 1