Question: This is real life math grade 11. Please help fill in the questions in the pict below. 6. $700 was invested at 7% interest and

This is real life math grade 11. Please help fill in the questions in the pict below.

This is real life math grade 11. Please help fill in thequestions in the pict below. 6. $700 was invested at 7% interestand compounded annually for 4 years. K 15 a) Complete the table

6. $700 was invested at 7% interest and compounded annually for 4 years. K 15 a) Complete the table to determine the future value after 4 years. Time Present Value Interest Future Value b) Determine the amount of interest earned.7. Suppose that Alex invests $1500 in a bank account that pays 3% interest compounded quarterly for 5 years. Fill in the boxes of the financial calculator as you would if you were trying to determine how much she has at the end of 5 years. A /4 Future Value: Calculate Present Value: Calculate Interest Rate percent (per year): Calculate Payments per year. Payment per period Calculate Total # of payments Calculate (30 years =360, 15 years =180): 8. Brittany in saving for a new car. She deposits $25/week for 2 years. Her bank offers her 2.5% interest compounded weekly. Fill in the boxes of the financial calculator as you would if you were trying to determine how much she has at the end A /4 of 2 years. Future Value: Calculate Present Value: Calculate Interest Rate percent (per year). Calculate Payments per year. Payment per period Calculate Total # of payments Calculate (30 years =360, 15 years =180): 9. Suppose you wanted to show the effect of increasing the number of compounding periods in a year. You could do this calculation - $2000 invested for 5 years at 5% per year compounded quarterly. Give two other calculations that would go with the one just suggested to show the desired effect. Explain what is the effect is? A /310. Maitham has 3 choices for investing $5000 for the next 5 years. 18 year. CHOICE 1: He can put his money in an account that pays 4% simple interest per How much will he have after 5 years with CHOICE 1? CHOICE 2: He can put his money in an account that pay 4% compounded annually. Fill in the boxes of the financial calculator as you would if you were trying to determine how much he has at the end of 5 years. Future Value: Calculate Present Value: Calculate Interest Rate percent (per year): Calculate Payments per year. Payment per period: Calculate Total # of payments (30 years =360, 15 years =180) Calculate How much will he have after 5 years with CHOICE 2? CHOICE 3: He can put his money in an account that pays 4% compounded semi- annually. Fill in the boxes of the financial calculator as you would if you were trying to determine how much he has at the end of 5 years. Future Value: Calculate Present Value. pencilslush Calculate E Interest Rate percent (per year). Calculate Payments per year. Payment per period Calculate Total # of payments Calculate (30 years =360, 15 years =180): How much will he have after 5 years with CHOICE 3? What is the best option for Maitham

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!