0%
0 / 40 answered
Diagnostic Test 4 Practice Test•40 Questions
Question
1 / 40
Q1
Jeffrey has won a lottery and has elected to take a $10,000 per month payment.
At the beginning of the year, Jeffrey deposits the first payment of $10,000 in an account that pays 7.6% interest annually, compounded continuously. At the very beginning of each month, he deposits another $10,000. How much will he have at the very end of the year?
Jeffrey has won a lottery and has elected to take a $10,000 per month payment.
At the beginning of the year, Jeffrey deposits the first payment of $10,000 in an account that pays 7.6% interest annually, compounded continuously. At the very beginning of each month, he deposits another $10,000. How much will he have at the very end of the year?
: