Question: Please help?? 7. [OH Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.2.023. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You deposit $1,000 in an account at the

Please help??

Please help?? 7. [OH Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.2.023. MY NOTES

7. [OH Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.2.023. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You deposit $1,000 in an account at the Lifeiong Trust Savings and Loan that pays 5% interest compounded quarterly. By how much will your deposit have grown after 5 years (in dollars)? (Round your answer to the nearest cent.) ix Need Help? '' B. [11 Points] DETAILS WAS WANEFMAC7 3.2.025.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER During 2008 the S&P 500 Index depreciated by 316%.? Assuming that this trend had continued, how much would a $1000 investment in an 5&P index fund have been worth after 3 years? (Round your answer to the nearest cent.) 3' :1 Need Help? 9. [11 Points] DETAILS WANEFMAC7 3.2.029. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the value of which was growing by 7% per year, and the other half in certicates of deposit (CD5), which were yielding 3% per year, compounded every 6 months. Assuming that these rates are sustained, how much will my investment be worth in 10 years? (Round your answer to the nearest cent.) * [:1 new Help? 10. [11 Points] DETAILS WANEFMAC7 3.2.031. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER During a prolonged recession, property values on Long Island depreciated by 4% every 6 months. If my house cost $200,000 originally, how much (in dollars] was it worth 4 years later? (Round your answer to the nearest dollar.) i[:1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!