Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.$7000 deposit at an APR of 4% with daily compounding for 5 years
A. $1400.00
B. $7056.22
C. $8549.82
D. $6698.05
Answer: C
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Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually?
A. ?45.5% B. ?6.5% C. ?6.0% D. ?5.5%
Provide an appropriate response.The ______ is the actual percentage by which a balance increases in 1 year.
A. AARP B. APY C. APR D. None of the above
Solve.Calculate the monthly payment for a student loan of $130,257 at a fixed APR of 8.7% for 25 years.
A. $1600.53 B. $1066.48 C. $1280.03 D. $913.99
What is the biggest criticism of the Piagetian perspective?
What will be an ideal response?