Solve.How much money will Lyle have in 7 years is he invests $6000 at 11% annual rate of interest compounded quarterly? How much will he have if it is compounded monthly? Use the interest formula
. Round the answers to the nearest cent.
A. $6479.57 when compounded quarterly
$12,913.22 when compounded monthly
B. $6479.57 when compounded quarterly
$6480.02 when compounded monthly
C. $12,824.56 when compounded quarterly
$12,913.22 when compounded monthly
D. $12,824.56 when compounded quarterly
$27,599.92 when compounded monthly
Answer: C
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A. and
B. and
C. and
D. and
Provide an appropriate response.Find the perimeter of the given figure.
A. 24 cm B. 36 cm2 C. 24 cm2 D. 36 cm
Solve the problem.The monthly payments on a $50,000 loan at 7% interest for 25 years is $353.50. How much of the first monthly payment will go toward the principal?
A. $24.75 B. $61.83 C. $328.76 D. $291.67
Add or subtract as indicated. Simplify if necessary. +
+
A.
B.
C.
D.