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question1:

You pay for a $500 purchase using a credit card. The credit card company charges a 24% interest rate, compounded monthly, on the unpaid balance. How much will you owe after 3 months? (Assume you don't make any payments during this time.)

 

question2:

You invest $400 in an account that pays 3% interest, compounded annually. What will your balance be after 1 year?

 

question3:

You deposit $1000 in a bank account. The money earns 10% interest, compounded annually. After 2 years, what will your balance be?

 

Multiple unanswered questions deleted.  Melody

off-topic
 Feb 21, 2020
edited by Guest  Feb 21, 2020
edited by Melody  Feb 21, 2020
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1. $953.40

2.$412

3.$1210

idk 4 and 5

 Feb 21, 2020

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