You invested $6,500 in an account that pays 6 percent simple interest. How much more could you have earned over a 10-year period if the interest had compounded annually? A. $1,049.22 B. $1,182.19 C. $1,240.51 D. $1,201.15
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You invested $6,500 in an account that pays 6 percent simple interest. How much more could you have earned over a 10-year period if the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You would like to invest $18,000 and have a portfolio expected return of 12.3 percent. You are considering two securities, A and B. Stock A has an expected return of 15.6 percent and B has an expected return of 10.3 percent.
Answers (1)
When is it best to use a chronological resume?
Answers (2)
A popular star has a half-hour television show describing a new dietary supplement that she claims has made her much healthier. during the show she describes how she has seen improvement in her skin, hair, and eyesight without going to the doctor.
Answers (1)
Federal gasoline is taxed at 18 cents per gallon. Is this a progressive tax, proportional tax or regressive tax? Explain why ...
Answers (1)
Marley Office Goods budgeted 12,000 and produced 11,000 tape dispensers during June. The resin used to make the dispensers is purchased by the pound. Standards and actual costs follow for June: Standard Actual Materials 2 pounds @ $5.
Answers (1)
New Questions in Business
Kenneth, a food blogger, is paid a handsome fee by a new restaurant to write an article about it. The assignment came with a rider that the blog cannot be posted until the restaurant's owner personally approves the draft.
Answers (1)
According to economic theory, there is always a trade-off. if luke takes a paid day off of work, is this is a trade-off
Answers (1)
Susan Marciano invested part of her $ 19 comma 000bonus in a fund that paid an11 %profit and invested the rest in stock that suffered a 5 %loss. Find the amount of each investment if her overall net profit was $ 650.
Answers (1)
An office has a "coffee fund," an old coffee can where people can toss change anytime they pour a cup of coffee. The fund can be used to buy new coffee for the office when the supply runs out.
Answers (1)
6. Asset 1 has an expected mean return of µ1 = 9%, standard deviation of its return is σ1 = 6%. Asset 2 has an expected mean return of µ2 = 14%, with a standard deviation of σ2 = 11%.
Answers (1)