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Questions and Answers
What is the annual interest rate for the travel fund?
What is the annual interest rate for the travel fund?
- 6.24% (correct)
- 5.50%
- 7.00%
- 4.75%
How often is the interest on the travel fund compounded?
How often is the interest on the travel fund compounded?
- Annually
- Quarterly
- Bi-annually
- Monthly (correct)
When does the trip start in years and months?
When does the trip start in years and months?
- 3 years and 9 months
- 6 years and 1 month
- 5 years and 2 months
- 4 years and 7 months (correct)
