header

MAT 120 Sample Quiz

$4,000 is invested for six years in an account earning 4.3% compounded monthly. Complete the worksheet below to show the details of this investment. (Only the first two lines of the period by period details are shown.)

Table 

 

A $500 savings bond earns 5.5% compounded quarterly and  matures in seven years. Complete the worksheet below to show the details of this investment. (Only the first two lines of the period by period details are shown.)

Table

Answers