Name: Assignment #1

Instructions:

 Question 1 Multiple Answer (1.0000 points) Question: Which of the following compounding methods at a bank would earn you the most interest on a \$10,000 deposit that you keep in the bank for one year? Annual compounding Semi-annual compounding Quarterly compounding Monthly compounding Daily compounding

 Question 2 Multiple Answer (1.0000 points) Question: If you deposit \$1,000 in an investment account yielding 8 percent compounded annually, how much will the account have in it after three years? \$1,000 \$1,080 \$1,166.40 \$1,240 \$1,259.71

 Question 3 Multiple Answer (1.0000 points) Question: If you deposit \$1,000 in an investment account yielding 8 percent compounded monthly, how much will the account have in it after three years? \$1,000 \$1,166.40 \$1,240 \$1,259.71 \$1,270.24

 Question 4 Multiple Answer (1.0000 points) Question: If you deposit \$1,000 every year at the end of the year in an investment account yielding 8 percent compounded annually, how much will the account have in it after three years? \$3,000 \$3,080 \$3,160 \$3,240 \$3,246.40

 Question 5 Multiple Answer (1.0000 points) Question: How much should you deposit at the end of each year in an account paying 8% interest compounded annually in order to accumulate \$1000 by the end of the third year? \$27.78 \$308.03 \$333.33 \$1080 \$3000