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Mathematics, 25.02.2022 19:40 ashleyremon901
PLS HELP ASAP... 100 POINTS TO FIRST ANSWER
1. A deposit of $10,000 is made in an account that receives 10% interest, compounded monthly. How much money will the account contain after five years?
a. $16,453.09
b. $15,984.36
c. $13,028.59
d. $16,598.86
2. Refer to Problem 1. How much will the account total after five years if the interest is compounded weekly rather than monthly?
a. $15,589.35
b. $16,479.30
c. $13,496.48
d. $15,454.24
3. An account receives 5% interest compounded monthly. What is the actual annual percentage the account will receive?
a. 5.05%
b. 4.90%
c. 5.12%
d. 5.10%
4. An account receives 5% interest compounded biweekly. What is the actual annual interest percentage the account will receive?
a. 5.02%
b. 4.89%
c. 5.15%
d. 5.12%
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