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- How long will it take GH¢2,000 to accumulate GH¢800 interest at 10% compounded quarterly?9. Accumulate $ 300 for nine years at 6% compounded quarterly. What is the compound interest earned?You want to buy a $32,000 car. You can finance the car for 1.5% interest for 6 years. What is your monthly payment? Assume monthly compounding. Do not enter the negative sign from your calculator (if there is one) or the dollar sign. Round to two decimal places.
- Jane deposits $5,000 in a bank account that earns 6% interest compounded semi-annually. How much money will she have after 10 years?Roy wishes to have P 1,000,000 in a certain fund at the end of 5 years. How much should he invest in a fund that will pay 22% compounded continuously?The united Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded. Select one: a. Annually b. Bimonthly c. Quarterly d. Monthly
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