Assignment 2: Compount Interest

Last updated about 4 years ago

8 questions

1

Make sure you use a dollar sign ($) and round to the nearest cent or it will count it wrong. Also use a comma to separate thousands.
i.e.
$48,678.45

1

1

1

Make sure you use a dollar sign ($) and round to the nearest cent or it will count it wrong. Also use a comma to separate thousands. 
i.e.
$48,678.45

9% compounded monthly

9.3% compounded annually

$8,733.01

$7,920.93

$8,450.43

$4,268.93

$5,946.03

$5,946.26

$2,060.20

$698,488.52

How much more than $175,000 did you end up paying?
Round to the nearest dollar.
Use dollar sign ($) and comma to separate thousands
i.e.
$34,578

$2,206.07

$2,863.66

$685.29

$9,218.65

Select the better investment

9% compounded monthly

9.3% compounded annually

$8,733.01

$7,920.93

$8,450.43

$4,268.93

$5,946.03

$5,946.26

$2,060.20

$698,488.52

$2,206.07

$2,863.66

$685.29

$9,218.65