Solved

What Principal Earning 16% Compounded Quarterly Will Grow to $8,500

Question 70

Multiple Choice

What principal earning 16% compounded quarterly will grow to $8,500 after six years and three months?

A) $448.66
B) $22,659.61
C) $3,188.49
D) $3,361.68
E) $3,147.71

Related Questions

Q65: A $25,000 loan at 9% compounded monthly

Q66: Calculate the present value of a payment

Q67: Stan purchased a $15,000 compound-interest Series S122

Q68: Accurate Accounting obtained a private loan of

Q69: Boris borrowed $500 five years ago. The

Q71: Nancy deposits $22,000 in an investment account

Q72: A $2,300 payment due 1½ years ago

Q73: A $1,000 face value strip bond has

Q74: A four year $8,000 promissory note bearing

Q75: Sam borrowed $2,000 at 5.5% compounded quarterly.