Suppose you buy a CD for $200 that earns 3% APR and is compounded
quarterly. The CD matures in 2 years. How much will this CD be worth at
maturity?
A. $204.04
B. $206.07
C. $202.01
D. $212.32

Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88

Amanager recorded the number of bicycles sold by his company each quarter. his projected sales after t years is given by the expression below. which of the following statements best describes the expression? a. the initial sales of 575 bicycles increases at the rate of 4% over 4 quarters. b. the initial sales of 575 bicycles increases at the rate of 18% over 4 years. c. the initial sales of 575 bicycles increases at the rate of 4% over t quarters. d. the initial sales of 575 bicycles increases at the rate of 18% over t years.

Barbara has a good credit history and is able to purchase a car with a low-interest car loan. she co-signs a car loan for her friend jen, who has poor credit history. then, jen defaults on the loan. who will be held legally responsible by the finance company and why? select the best answer from the choices provided. a. barbara will be held legally responsible because she has a good credit history. b. jen will be held legally responsible because she drives the car. c. barbara will be held legally responsible because she is the co-signer. d. jen will be held legally responsible because she has a poor credit history. the answer is a