2. Suppose you put $100,000 in a certificate of deposit with an annual interest rate of 6 percent compounded annually. (A) How much would you have at the end of four years? (If you get this right, the...

2. Suppose you put $100,000 in a certificate of deposit with an annual interest rate of 6 percent<br>compounded annually.<br>(A) How much would you have at the end of four years? (If you get this right, the next two<br>questions are straightforward)<br>(B) Now suppose interest was compounded monthly. How much would you have then?<br>(C) Now suppose interest was compounded quarterly. How much would you have then?<br>

Extracted text: 2. Suppose you put $100,000 in a certificate of deposit with an annual interest rate of 6 percent compounded annually. (A) How much would you have at the end of four years? (If you get this right, the next two questions are straightforward) (B) Now suppose interest was compounded monthly. How much would you have then? (C) Now suppose interest was compounded quarterly. How much would you have then?

Jun 09, 2022

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2. Suppose you put $100,000 in a certificate of deposit with an annual interest rate of 6 percent compounded annually. (A) How much would you have at the end of four years? (If you get this right, the...

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