MAT 120 Sample Quiz

$3,000 is invested into a savings account paying 6% interest compounded semiannually for 6 years. The first few lines of a table showing how the balance will grow over time are shown below.

A. Complete the first three lines of the table showing the period by period details of this investment:


B. What is the future value of this investment?

C. How much interest will be earned over the term of this investment?

D. What is the annual percentage yield of this investment?