ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What will a deposit of $4, 500 at 10% compounded semiannually be worth if left in the bank for six years?
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$8, 020.22
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$7, 959.55
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$8, 081.55
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$8, 181.55
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Explanation:
Detailed explanation-1: -What will a deposit of $4, 500 at 7% annual interest be worth if left in the bank for nine years? a. $8, 273.
Detailed explanation-2: -You would need to deposit $7007.08 to have $12000 in 6 years.
Detailed explanation-3: -Answer: Rs 4505.96 money will be in the account after 2 years .
Detailed explanation-4: -If you deposit P4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years? * After 5 years there will be P3875. 42 in the account After 5 years there will be P8753.
There is 1 question to complete.