Allison is offered an annual salary of \$24,500. What would be her biweekly gross pay? (Round to the nearest cent.) A. \$471.15 B. \$1,020.83 C. \$2,041.67 D. \$942.31
\$24,500/52 (weeks in the year)=\$471.154 (rounded). \$471.154 * 2 (weeks)=\$942.31 (rounded)
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yumdrea|Points 6762|
Question
Updated 4/13/2014 8:31:23 PM
Edited by jeifunk [4/13/2014 8:31:19 PM], Confirmed by jeifunk [4/13/2014 8:31:23 PM]
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Updated 4/13/2014 8:23:40 PM
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Question
Updated 4/14/2014 6:14:24 AM
How much money will you have at the end of one year if interest is compounded semiannually at 10% on a \$600 deposit? A. \$659.50 B. \$662.00 C. \$660.00 D. \$661.50
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Question
Updated 4/13/2014 9:00:24 PM
A = P(1 + r/m)^(mt)
A = \$600(1 + .10/2)^(2*1)
A = \$600(1.05)^2
A = \$600(1.1025)
A = \$661.50
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