Use the compound interest formula A=P(1+r/n)^nt

If $10,000 is invested at 2 percent semi-annually for 5 years, what is the amount at the end of the term?

$11,052

$11,049

$11,046

$11,051

If $10,000 is invested at 2 percent monthly for 5 years, what is the amount at the end of the term?

$11,052

$11,049

$11,046

$11,051

How much money would you have in a savings account at the end of one year, if you saved $1000 at two percent interest compounded quarterly? Round to the nearest dollar.

$1018

$1082

$1020

$1050