x
Info
x
Warning
x
Danger
 / 
 / 
 / 
$86,167 $67,068 $49,680

Question : $86,167 $67,068 $49,680 : 2092

$86,167

$67,068

$49,680

$124,200

$44,978

2. Jessica received a gift of $8,000 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Jessica's investment be at the end of 5 years?

$12,000.00

$8,800.00

$13,031.20

$10,000.00

$11,200.00

3. Cody invests $1,900 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?

$8,220.16

$7,904.00

$7,296.00

$7,600.00

$8,068.35

4. Jason has a loan that requires a single payment of $5,700 at the end of 4 years. The loan's interest rate is 10%, compounded semiannually. How much did Jason borrow?

$5,284.40

$5,700.00

$3,857.76

$3,866.40

$4,168.40

Solution
5 (1 Ratings )

Solved
Finance 1 Year Ago 116 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
275782 Finance Questions Answered!
Post a Question