Compounded Interest

Find the balance in the account after the given period.

$12,000 principal earing 4.8% compounded annually after 7 years.

• $3,243.19

• $16,661.35

• $15,243.19

• $4,661.35

Find the balance in the account after the given period.

$5000 deposit earning 1.5% compounded quarterly after 3 years

• $5,229.70

• $7,604.38

• $7,777.27

• $5,538.86

Find the balance in the account after the given period.

$13,500 deposit earning 3.3% compounded monthly after 1 year

• $13,611.38

• $14,898.84

• $13,537.13

• $13, 952.30

Find the balance in the account after the given period.

$3400 principal earning 3.6% compounded annually after 2 years

• $3,420.43

• $3,649.21

• $3,675.39

• $6,288.64

Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?

• $928,488.27

• $49,170.21

• $91,333.14

• $51,333.14

Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?

• $62,693.15

• $62,384.20

• $71,804.21

• $341,465.42

An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much INTEREST is earned on the investment?

• $7,457.95

• $10,359.57

• $17,546.55

• $484.57

Will deposits $1650 for three years at 3% interest, compounded daily. What is his ending balance?

• $1,700.25

• $4,056.85

• $2,103.87

• $1,805.38

Avery deposits $8000 in a one year CD at 3.2% interest, compounded daily. What is Avery's ending balance?

• $8,528.72

• $8,000.70

• $8,256.00

• $8,260.13

Jamere deposits $2350 in an account that earns interest at a rate of 3.1%, compounded monthly. What is his ending balance after five years?

• $2743.98

• $2,743.45

• $2,362.01

• $10,856.16