$6,000 for six years at 8½% compounded daily will grow to:
A) $8,991.02
B) $8,950.10
C) $9,991.35
D) $9,990.02
E) None of these
Correct Answer:
Verified
Q21: $100,000 for 20 years compounded at 4%
Q23: The present value of $1 means that
Q24: The present value is also less than
Q24: Effective rate (APY)is:
A)Never related to compound table
B)Interest
Q29: Using daily compounding, $700 would grow to
Q30: The value of $60 deposited in a
Q31: The rate used in calculating compound interest
Q32: The effective rate (APY)is:
A)The nominal rate
B)The stated
Q34: Compounding:
A)Calculates interest periodically
B)Looks into the present when
Q35: The compound table can be used to
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