Question

Mr. Ward invests $45,000 in a bank at the beginning of the year. He will receive an interest rate of 8% per year. How much interest will Mr. Ward receive in 1/2 of a year

Answer 1

If the investment she is considering will pay 8.25 percent compounded monthly, ... Value: Herbert Hall just received an inheritance of $35,775 from his great aunt. He ... If Herbert can earn 4.75% per year with quarterly compounding for 32 years, how ... You identify a bank CD that pays an interest rate of 4.25 percent.

Explanation: