menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Mathematical Ideas
  4. Exam
    Exam 13: Personal Financial Management
  5. Question
    Find the Compound Interest Earned by the Deposit
Solved

Find the Compound Interest Earned by the Deposit

Question 229

Question 229

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
-$7824 at 4% compounded continuously for 4 years


A) $2122.03
B) $3389.90
C) $1357.55
D) $9181.55

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q224: Solve the problem. If necessary, use the

Q225: Find the future value of the deposit

Q226: Find the total monthly payment, including taxes

Q227: Find the APR (true annual interest

Q228: Use the Rule of 78 to find

Q230: Use the compound interest formula to compute

Q231: Find the present value for the given

Q232: Solve the problem.<br>-Find the final value,

Q233: Solve the problem.<br>-For the given stock

Q234: Annette has a bank card. Her billing

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines