How much more interest could $300 earn in 10 years, compounded semiannually (two times a year), if the annual interest rate were 7% instead of 6%?
?
Assume that there are no deposits or withdrawals and round to the nearest cent.
?
?
A. $20.38
B. $56.27
C. $92.34
D. $198.76
E. $55.10
Answer: E
Mathematics
You might also like to view...
Solve the problem.A solid right circular cylinder is bounded by the cylinder r = 2 and the planes z = 0 and z = 3. Find the moment of inertia about the z-axis if the density is ? = 4z.
A. 288? B. 36? C. 144? D. 96?
Mathematics
Divide.
A. -45x13 + 27x12 + 45x8 B. -5x13 + 3x12 + 5x8 C. -5x7 + 3x6 + 5x2 D. -45x7 + 27x6 + 45x2
Mathematics
Determine whether the statement is true or false.Every whole number is a real number.
A. True B. False
Mathematics
Translate the sentence to an equation.2 less than a number is equal to 9.
A. x - 
= 9
B. 2 - 9 = x
C. 2 - x = 9
D. x - 2 = 9
Mathematics