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Question 1. Sunfresh Markets made a $13,000.
Please can someone help me with this I need this tonite .
Question 1. 1. Sunfresh Markets made a $13,000.00 investment in a compound interest account paying
annual interest at 6% but compounded monthly. Use the table below to determine the value of its
investment at the end of 8 months. (Points : 2)
$13,259.23
$13,529.23
$14,259.23
$14,529.23
Question 2. 2. The compound interest on a $3,000.00 loan at 7% compounded annually. Use the table
below to determine the interest at the end of 3 years.
$630.00
$675.12
$3,630.00
$3,675.12
Question 3. 3. Calculate the future value of a 7-year loan of $100,000.00 at an interest rate of 12%
compounded annually using the table below. (Points : 2)
$112,000.00
$122,019.00
$221,068.00
$340,000.00
Question 4. 4. Use the table below to determine the effective rate of interest on a $17,000.00 loan at
12% interest compounded quarterly for 6 years: (Points : 2)
12.0%
12.55%
32.8%
72.0%