Wednesday, February 24, 2010

Accounting Annuity Chart 2 Consumer Math Questions?

2 consumer math questions? - accounting annuity chart

Alanna Firth balance savings account was $ 247.00, before an additional $ 353.00 deposit. The account pays 5.5 percent interest compounded daily. If they are no further deposits or withdrawals, what will the new equilibrium after 31 days?


One U.S. dollar 2.81
$ 2.80 b
EUR 602.48
$ 602.81 d


heres the table
http://i36.tinypic.com/11qgt5g.gif



Question 2

Aiko Murakami deposits up to $ 900.00 an ordinary pension, at the end of each quarter. If the account earns interest quarterly at 6 percent, compounded, is what the future value of the account in 1 year?


A $ 3002.98
$ 2987.01 b
$ 3681.81 c
$ 4001.90 d

Table
http://i33.tinypic.com/1j2cz9.gif

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