Investing

Question 1

Which of the following statements are true of the data? Check all that apply.

Revolt · Accepted Answer

The starting balance of the 3rd year is $811.20.; The ending balance for the 3rd year is $843.65.; The interest earned in the 4th year is $33.75.

Question 2

What is the total amount after 4 years?

Revolt · Accepted Answer

$688.51

Question 3

Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%.

Revolt · Accepted Answer

16

Question 4

Whose money will double fastest?

Revolt · Accepted Answer

Matthew’s

Question 5

What is the total amount after 2 years?

Revolt · Accepted Answer

$642.74

Question 6

Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%.

Revolt · Accepted Answer

6

Question 7

Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%.

Revolt · Accepted Answer

9

Investing Answers