1) Use the following information to answer this question and select… 1) Use the following information to answer this question and select the best answer.Scenario 1: A loan of $15 000.00 at an interest rate of 5.50%, compounded monthly for 1 year.Scenario 2: A loan of $15 000.00 at an interest rate of 5.50%, compounded _______ for 1 year.Assuming no payments are made, which compounding period frequency in Scenario 2 would result in less interest than in Scenario 1?a) every two weeksb) dailyc)semi-annuallyd) weekly 2) How long does it take an investment of $1,000 to become $2,500 if it is invested at 6% annual interest compounded daily?a) 6 yrsb) 2.5 yrsc)15.3 yrsd) 122 months Image transcription textQuestion 6 (1 point) A $200 stockpurchase is worth $800 after six years.Assuming constant growt… Show more… Show more=Image transcription textQuestion 9 (1 point) The value of ahouse appreciates 3.85% per year. Ifthe house was purchased … Show more… Show moreImage transcription textQuestion 10 (1 point) Greg wants to invest $2000.00for three years and has two options. Option 1: Invest ina Canada Savings Bond at a simple inter… Show more… Show moreImage transcription textQuestion 12 (5 points) Skyler andSkyler have a combined gross monthlyincome of $4500.00. They… Show more… Show more Business Finance MATH 40S
