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Assignment help 6253

Please can someone help me with this I need this tonite .

Question 1. 1. Sunfresh Markets made a $13,000.00 investment in a compound interest account paying

annual interest at 6% but compounded monthly. Use the table below to determine the value of its

investment at the end of 8 months. (Points : 2)

$13,259.23

$13,529.23

$14,259.23

$14,529.23

Question 2. 2. The compound interest on a $3,000.00 loan at 7% compounded annually. Use the table

below to determine the interest at the end of 3 years.

$630.00

$675.12

$3,630.00

$3,675.12

Question 3. 3. Calculate the future value of a 7-year loan of $100,000.00 at an interest rate of 12%

compounded annually using the table below. (Points : 2)

$112,000.00

$122,019.00

$221,068.00

$340,000.00

Question 4. 4. Use the table below to determine the effective rate of interest on a $17,000.00 loan at

12% interest compounded quarterly for 6 years: (Points : 2)

12.0%

12.55%

32.8%

72.0%

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