Multiple Choice
Robert placed $7,000 in a 10-month term deposit paying 6.25%. How much will the term deposit be worth when it matures?
A) $3,645.83
B) $7,991.81
C) $7,364.58
D) $6,653.46
E) $7,769.89
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q88: The interest rate on a $3000 loan
Q89: $12,800 was invested in a 237-days term
Q90: How much must be placed in a
Q91: What was the principal amount of a
Q92: How many days separate equivalent payments of
Q94: Calculate the amount of interest that would
Q95: Sergon has $5000 to invest for six
Q96: What will be the maturity value after
Q97: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate
Q98: If the maturity value of an investment