1. If $1 were invested at 8 percent compounded annually, the total value of the investment , in dollars, at the end of 6 years would be
(A) (1.8)6 (B) (1.08)6 (C) 6 (1.08) (D) 1 + (0.08)6 (E) 1 + 6(0.08)
2. A $500 investment and a $1,500 investment have a combined yearly return of 8.5 percent of the two investments if the $500 investment has a yearly return of 7 percent what percent yearly return does the $1,500 investment have?
(A) 9 % (B) 10 % (C)10 % (D) 11 % (E) 12 %
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