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  3. in a civil lawsuit, a plaintiff was awarded damage

In a civil lawsuit, a plaintiff was awarded damages of $15,000 plus $4,621.61 in interest...

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Accounting

In a civil lawsuit, a plaintiff was awarded damages of $15,000 plus $4,621.61 in interest for a period of 3¼ years. What quarterly compounded rate of interest was used in the settlement?

7. At what monthly compounded interest rate does it take five years for an investment to double?

8. Your company's union just negotiated a salary increase of 0.5% every three months. What effective increase in your salary was negotiated?

9. GenX Holdings received an invoice from its supplier that indicates the penalty on overdue invoices will be charged at a rate of 3.4% per month. What effective rate of interest is being charged on overdue invoices?


10. How long will it take $5,750 to become $10,000 at 6.25% compounded weekly?

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