What Is the Compound Amount at the End of a 2-Year

question 34

Multiple Choice

What is the compound amount at the end of a 2-year period on a loan with an original principal of $1,750 at 8% compounded semiannually? Round to the nearest cent after each calculation.

• A) $2,047.25
• B) $2,030.00
• C) $2,029.37
• D) $2,370.00

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Definitions:

Middle Ear

A part of the ear between the eardrum and the inner ear, containing three small bones that help transmit sound.

Sound Wave

A type of wave that is an audible vibration that travels through air or other media and is perceived by the human ear.

Amplitude

The extent of displacement of a wave or oscillation, indicative of the wave's energy or intensity.

Middle Ear

the portion of the ear internal to the eardrum and external to the cochlea, containing the ossicles, which transmit sound vibrations to the inner ear.