Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a certificate of deposit that paid 3.3% interest compounded quarterly. In the fine print at the bottom of the advertisement, it stated that the APY on the CD was 3.34%. Was this advertisement accurate? Explain. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. No. The APY is incorrect. The correct APY is (Round to the nearest hundredth as needed.) %. OB. No. The number of compounding periods is incorrect. Interest should be compounded daily. OC. Yes. The information in the advertisement is accurate.

Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a retirement account with an APR 5.99% What would you type into excel to find his balance after 40 years

4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a used car. Find the interest on the loan.

$1,900 was borrowed at a simple interest rate of 2.9%. What amount of interest would be owed after 6.5 years? $329.98 $358.15 $350.76 $300.14

Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan.   A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472

Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $25,000 over the next 5 years. What amount must be deposited quarterly into an account that earns 4.2% interest in order to reach your goal? Round your answer to the nearest cent, if necessary.

You have a savings account. You have had this account for about 6 years and you ended up with about $16,360.93, after starting with $12,000. You want to know what your interest rate is but you don't know where your statement is. You call your bank and ask them what it is. What did they tell you?

"On his tax return this year, Steve reports $575 income from interest. Assuming an interest rate of about 4.6%, about how much does Steve have invested?"

Please answer all