Asked by Max

a loan requires that the 4% interest be compounded monthly for 5 years. find the number of compounding periods.
48
60
10
20

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Yolanda deposited $11,000 in a savings account that earns 3.5% onterest compounding daily. Find the compound amount after 90 days.

156.89
11,095.34
11,953.34
95.34
Answered by Steve
#1) how many months in 5 years?
#2) 11000(1+.035/365)^90 = 11095.34
Answered by Max
60 months in 5 years?
Answered by asd
asd
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