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.



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