FUHRMS: Compound Interest Question Preview (ID: 21010)
Practice Calculating Account Balances By Using The Compound Interest Formula.
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$7,300 at 7% compounded semiannually for 3 years
a) $8,973.56
b) $9,973.50
c) $8,873.56
d) $7,300.00
$1,030 at 4% compounded semiannually for 2 years
a) $1,114.91
b) $1,214.81
c) $2,114.91
d) $1,224.91
$18,000 at 9% compounded semiannually for 6 years
a) $30,525.87
b) $20,525.78
c) $38,525.37
d) $27,720.00
$1,500 at 7% compounded annually for 3 years
a) $1,837.56
b) $1,500.00
c) $1,815.00
d) $1,737.56
$1,240 at 8% compounded annually for 2 years
a) $1,446.34
b) $1,438.40
c) $1,546.34
d) $1,538.40
$55,000 at 16% compounded semiannually for 2 years
a) $74,826.89
b) $55,000.00
c) $72,600.00
d) $69,300.12
$28,600 at 7.9% compounded semiannually for 2 years
a) $33,393.66
b) $35,854.85
c) $28,600.00
d) $32,393.66
$21,000 at 13.6% compounded quarterly for 4 years
a) $35,854.85
b) $33,393.66
c) $35,954.85
d) $36,854.50
$12,700 at 8.8% compounded semiannually for 1 year
a) $13,842.19
b) $12,700.00
c) $18,342.20
d) $15,842.19
$130 at 9.4% compounded quarterly for 2 years
a) $156.55
b) $152.22
c) $154.44
d) $158.44
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