Multiple Choice
If $450,000 is invested on June 3 at 7.75%, what will be the value of the investment on December 11?
A) $468,250
B) $466,625
C) $632,497
D) $432,461
E) $484,875
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: What was the simple interest rate if
Q14: Patrick has a contract that will pay
Q15: What was the interest rate on a
Q16: What is meant by "equivalent payments"?
Q17: Payments of $1,000 and $7,500 were originally
Q19: A deposit of $659 earns $15.10 interest
Q20: We frequently hear a news item that
Q21: The interest owed on a loan after
Q22: Morgan loaned $3,100 to Rolf at a
Q23: Village Finance Co. advanced three loans to