Ms. Keto invested $500 per year for 10 years and received $12,000 at the end of the 10th year. Find the annual interest rate she received? O A. 16.9% B. 18.4% O C. 19.9% D.21.3% E. 23.9%
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- Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money had accumulated to 6539.96 Rials. What was the annual interest rate? Select one: О а. 0.287% оь 0.045% O. 2.87% O d. 14.3% O e. 4.57% O f. 4.5% O g. 0.0457% O h. 5.74%If you invest $40,000 at 4% interest compounded annualy, approximately how much money will be in the account at the end of 6 years? O a. $49,648 O b. $46,868 O c. $55,527 O d. $50,612 e. $60,366Andrea Gilford's savings account has a balance of $169. After 2 years, what will the amount of interest be at 12% compounded quarterly? Select one: a.$45.08 b.$214.08 c.$119.08 d.$50.08
- Kia deposited $1,100, at the BEGINNING of each year for 25 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. A. $73,441.24 B. $80,416.53 C. $86,849.86 D. $87,949.86Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money had accumulated to 6539.96 Rials. What was the annual interest rate? of estion Select one: O a. 2.87% O b. 4.57% O c. 5.74% O d. 14.3% O e. 4.5% O f. 0.0457% g. 0.045% O h. 0.287% ENG INTLAn investor placed $2,000 per year at the end of each year into an investment account. Immediately after the 15th payment, the value of money in the account was $58,720. What is the average annual rate of return the investor has earned on the account? Group of answer choices 7.0% 9.0% 5.1% 6.3%
- Eric invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 9 years it earned interest at a rate of 4.40% compounded semi-annually and for the next 2 years it earned interest at a rate of 5.30% compounded semi-annually. a. Calculate the accumulated value of her investment at the end of the first 9 years. $57,787.31 $58,007.88 $43,591.27 $44,550.27 b. Calculate the accumulated value of her investment at the end of 11 years. $57,787.31 $58,007.88 $53,094.50 $44,550.27 c. Calculate the amount of interest earned from the investment. $14,007.88 $13,787.31 $13,463.65 $544.23What is the future value of $100 invested in an account for eight years that earns 10% annual interest, compounded semiannually (rounded to the nearest whole dollar)? a. $214.b. $216.c. $218.d. $220.Suppose you borrowed $20,000 at a rate of 9.2% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? O a. $16,000.00 O b. $17,106.89 Oc. $14,831.44 O d. $16,671.44 Oe. $15,266.89
- Felipe Rivera's savings account has a balance of $3901. After 3 years what will the amour of interest be at 1.9% compounded quarterly? Select one: O a. $228.25 O b. $37.06 O c. $233.25 O d. $219.25Shannon invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 3.70% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.20% compounded semi-annually. a) a. Calculate the accumulated value of her investment at the end of the first 8 years. $55,140.60 $55,522.54 $35,005.05 $35,652.65 b) b. Calculate the accumulated value of her investment at the end of 11 years. $55,140.60 $55,522.54 $48,355.47 $35,652.65 c) c. Calculate the amount of interest earned from the investment. $13,722.54 $13,340.60 $12,419.72 $1,302.82Anika deposited $900 at the end of every month into an RRSP for 8 years. The interest rate earned was 5.50% compounded semi-annually for the first 4 years and changed to 5.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years? Round to the nearest cent Question 3 of 6 X
