Assignment 8S (20 points)

Assignment Overview

This is a three-part assignment.

In Part I, you'll check your work from Section 8.

In Part II, you'll add on to your Section 8 project.

In Part III, you'll zip and submit your files to your instructor.

Part I: Check Your Work

Follow these steps to check your work from Section 8.

1. Make sure your Reading_List spreadsheet meets the criteria in the Reading_List

Spreadsheet Grading Rubric below.

Reading_List Spreadsheet Grading Rubric

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%