Question: (4 points) Which rate yields the larger amount in one year? (A) 8% compounded semiannually (B) 7.85% compounded daily Input A or B or same

(4 points) Which rate yields the larger amount in one year? (A) 8% compounded semiannually (B) 7.85% compounded daily Input A or B

(4 points) Which rate yields the larger amount in one year? (A) 8% compounded semiannually (B) 7.85% compounded daily Input A or B or same here: $1.0868 same indicates the rates yield the same amount after one year (4 points) Find the principal needed to get $1600 in 8 years at 13% compounded monthly. Principal = $ 340.460

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