If $100,000 is invested on December 31, 2016 to earn compound interest semiannually, and if the future value on December 31, 2022, is $225,219 what is the semiannual interest rate on the investment?
A. 7%
B. 6%
C. 5%
D. 8%
Answer: A
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Anne wants to accumulate $25,000 by December 31, 2019. To accumulate that sum, she will make twelve equal quarterly deposits of $1,616.66 at the end of March, June, September, and December, beginning on March 31, 2016, into a fund that earns interest compounded quarterly. What annual rate of interest must the fund provide to yield the desired sum?
A. ?4.5% B. ?6.5% C. ?18% D. ?26%
Solve the problem.Kerry invests $739 in a savings account that earns 3.7% compounded annually. Andy invests $739 in a savings account that earns 6% compounded annually. How much is in each of their accounts after 10 years and after 20 years?
A. Kerry: $1024.83; $1473.81 Andy: $1248.52; $2235.92 B. Kerry: $1142.85; $1142.85 Andy: $1487.01; $1487.01 C. Kerry: $988.27; $1321.61 Andy: $1177.85; $1877.32 D. Kerry: $1062.75; $1528.34 Andy: $1323.44; $2370.07
In what situations would a company use present or future value?
What will be an ideal response?
Bronfenbrenner's bioecological approach proposes that society, types of governments, religious value systems, and political value systems are all part of the what?
A. mesosystem B. microsystem C. exosystem D. macrosystem