Find the Compound Interest Earned

question 89

Multiple Choice

Find the compound interest earned. Round to the nearest cent.
-$700 at 8% compounded semiannually for 4 years

• A) $252.34
• B) $595.65
• C) $258.00
• D) $118.90

Differentiate between suffixes that are similar in spelling but different in meaning.

Master the vocabulary of medical terms through the understanding of suffixes.

Analyze medical terms to identify their suffixes and understand their meanings.

Appreciate the systematic naming conventions in medical terminology.

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Definitions:

Risky

An adjective describing the likelihood of losing part or all investment due to various types of investment or market risks.

Equity Growth Fund

A mutual fund that invests primarily in stocks with the goal of capital appreciation rather than income.

Sector Fund

A mutual fund that invests solely in businesses operating in a specific industry or economic sector, aiming to capture sector-specific growth.

Equity Trusts

Investment funds that hold a diversified portfolio of equities or stocks, managed by a trustee for the benefit of its beneficiaries.