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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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