The bank compounds interest quarterly

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Reference no: EM131950044

1. William puts $8,000 in the bank today. The quoted interest rate is 8%, and the bank compounds interest quarterly. If William makes no further deposits, how much will he have at the end of 9 years? (to the nearest dollar)

a. $13,760

b. $16,319

c. $10,146

d. $15,992

Please show the process

2. Look at the following argument, in which the conclusion is unstated/implicit:

'If the problem were in the alternator, then your dash warning light would be on. But the light isn’t on.'

Assuming no other information, what is the unstated/implicit conclusion?

A. The problem is in the alternator.

B. The problem is in the distributor.

C. The problem is not in the alternator.

D. The light has nothing to do with the alternator.

Reference no: EM131950044

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