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Exercise 7

Avg difficulty 2.5

For each find the future value, the total amount deposited, and the interest earned.

  1. Regular Deposit $350, Compounded Monthly, 6.5% APR for 25 years

  2. Regular Deposit $500, Compounded Quarterly, 6.5% APR for 15 years

  3. Regular Deposit $75, Compounded Weekly, 4.5% APR for 30 years

Lee et al., Math in Society, Financial Math — Chapter 2 Review, Exercise 7

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Adapted from Math in Society © 2018–2024 Portland Community College Math Instructors. Licensed under CC BY-SA 4.0. Source: Math in Society. Imported at revision 68ee43c.