A friend lends you $200 for a week, which you agree to repay with 5% interest. How much will you have to repay?
Suppose you obtain a $3,000 T-note with a 3% annual rate, paid quarterly, with maturity in 5 years. How much interest will you earn?
You deposit $300 in an account earning 5% interest compounded annually. How much will you have in the account in 10 years?
How much will $1,000 deposited in an account earning 7% interest compounded annually be worth in 20 years?
Answers:
No comments:
Post a Comment