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    Portfolio Work Exit Slip

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    api-349577905
    This document contains 3 word problems involving compound interest calculations. The first asks how much money would be in an account after 5 years if $4000 was deposited earning 6% interest compounded quarterly. The second asks how much money would be in an account after 7 years if $6500 was deposited earning 8% interest compounded monthly. The third asks how much money would need to be deposited today to have $12000 in the account after 6 years earning 9% interest compounded monthly.

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    Portfolio Work Exit Slip

    Uploaded by

    api-349577905
    21 views1 page
    This document contains 3 word problems involving compound interest calculations. The first asks how much money would be in an account after 5 years if $4000 was deposited earning 6% interest compounded quarterly. The second asks how much money would be in an account after 7 years if $6500 was deposited earning 8% interest compounded monthly. The third asks how much money would need to be deposited today to have $12000 in the account after 6 years earning 9% interest compounded monthly.

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    portfolio work exit slip

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    This document contains 3 word problems involving compound interest calculations. The first asks how much money would be in an account after 5 years if $4000 was deposited earning 6% interest compounded quarterly. The second asks how much money would be in an account after 7 years if $6500 was deposited earning 8% interest compounded monthly. The third asks how much money would need to be deposited today to have $12000 in the account after 6 years earning 9% interest compounded monthly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views1 page

    Portfolio Work Exit Slip

    Uploaded by

    api-349577905
    This document contains 3 word problems involving compound interest calculations. The first asks how much money would be in an account after 5 years if $4000 was deposited earning 6% interest compounded quarterly. The second asks how much money would be in an account after 7 years if $6500 was deposited earning 8% interest compounded monthly. The third asks how much money would need to be deposited today to have $12000 in the account after 6 years earning 9% interest compounded monthly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Compound Interest Exit Slip

    1) If you deposit $4000 into an account paying 6% annual interest


    compounded quarterly, how much money will be in the account
    after 5 years?

    2) If you deposit $6500 into an account paying 8% annual interest


    compounded monthly, how much money will be in the account
    after 7 years?

    3) How much money would you need to deposit today at 9% annual interest
    compounded monthly to have $12000 in the account after 6 years?

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