You want to lend $500 as a bank deposit in a private bank with an interest rate of 9% per month. You plan to deposit $50

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

You want to lend $500 as a bank deposit in a private bank with an interest rate of 9% per month. You plan to deposit $50

Post by answerhappygod »

You Want To Lend 500 As A Bank Deposit In A Private Bank With An Interest Rate Of 9 Per Month You Plan To Deposit 50 1
You Want To Lend 500 As A Bank Deposit In A Private Bank With An Interest Rate Of 9 Per Month You Plan To Deposit 50 1 (85.51 KiB) Viewed 28 times
help pleaase
You want to lend $500 as a bank deposit in a private bank with an interest rate of 9% per month. You plan to deposit $50 per month for 12 months. You plan to withdraw accumulated balance (i.e. principle and interest) as a lump sum (in one payment) at the end of 12 months. How much will you have in 12 months? Please select one: O a. $3,513 O b. $2,413 O c. $1,640 O d. NONE O e. $1,100
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”