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a.$1249269.76b.$752086.50c.$752634.42d.$1248392.562.Annie opens a savings
a.$1249269.76
b.$752086.50
c.$752634.42
d.$1248392.56
2.Annie opens a savings
account and makes a single deposit of $4000. The account has an annual interest rate of 2.3% compounded weekly. How much will be in the account 8 years later?
a.$4808.06
b.$4807.22
c.$4807.87
d.none of the above
Alia's parents deposited $100 into a bank account at the end of each month since she was born. The account has an annual interest rate of 1.8% compounded monthly. How much was in the account on Alia's 18th birthday?
a.$21988.80
b.$24355.91
c.$23084.68
d.$25487.45
The Smith's purchase a home for $400000 and make a 20% down payment. They finance the remainder with the bank under the following conditions: payments are to be made at the end of each month, and the loan has an annual interest rate of 3.2% compounded monthly. If the mortgage has a term of 25 years, how much is the monthly payment?
a.$1583.01
b.$1550..97
c.$1621.46
d.none of the above
