What is the n value for a compound interest account that is compounded daily?
Question 22
22.
Find the total value of an investment of $2000 that is invested at 10% compounded annually for 3 years
Question 23
23.
How many years are there is 82 months?
Question 24
24.
Barry borrows $200 000 from a bank for 5 years at an interest rate of 8% p.a compounded annually. What is the Principalvalue?
Question 25
25.
Calculate total value for an compound interest account with the following variables:
P = $1000
r= 3%
t= 6 years
n= compounded monthly
Question 26
26.
Emily takes out a loan of $8000 for 4 years. The loan is compounded annually at 12% p.a.
What is the total amount of Emily's loan at the end of the term? Round your answers to the nearest cent (2 decimal places)
Question 27
27.
How much interest is charged on a loan of $4000 with 7% interest compounded every 6 months for 5 years? Round your answer to the nearest 10cents (1 decimal place)