Calculate Answers to the Following Questions

question 43

Essay

Calculate answers to the following questions:
a. To what amount will an $800 deposit grow, assuming 9 percent annual interest, five years, and simple interest?
b. To what amount will a $500 deposit grow, assuming 10 percent annual interest paid semiannually, three years, and simple interest?

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Definitions:

Dramatically

Carrying significant impact or change; often used to describe situations or results that are strikingly different from the norm.

Productivity

The quantity and quality of work performance, with resource utilization considered.

Flexible Working Hours

A work schedule that gives employees some choice in daily work hours.

Compressed Workweeks

A work schedule that allows an employee to work the required hours for the week in fewer days than the traditional five-day workweek.