Find the future value of the deposit if the account pays simple interest.
-$1800 at 3% for 5 years
A) $2070
B) $2065
C) $2124
D) $1942
Correct Answer:
Verified
Q1: Solve the problem. Assume that simple interest
Q3: Use the compound interest formula to compute
Q4: Find the future value of the deposit
Q5: Use the compound interest formula to compute
Q6: Use the compound interest formula to compute
Q7: $4000 at 4.07% for 28 months
A)$4558.40
B)$37,986.67
C)$379.87
D)$5.81
Q8: Solve the problem. Assume that simple interest
Q9: Solve the problem. Assume that simple interest
Q10: Solve the problem. Assume that simple interest
Q11: $1660 at 6% for 4 months
A)$398.40
B)$33.20
C)$24.90
D)$3320.00
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