For a deposit of S 1039 at 7.3% over 4 years, find the interest earned...
90.2K
Verified Solution
Link Copied!
Question
Finance
For a deposit of S 1039 at 7.3% over 4 years, find the interest earned f interest is compounded semiannually quarterty, monthly, daily, and continu urly The interest earned if interest is compounded semiannually is s (Type an integer or decimal rounded to the nearest cent as needed) The interest earned if interest is compounded quarterly is $348 67 (Type an integer or decimal rounded to the nearest cent as needed) The interest earned if interest is compounded monthly is $ Type an integer or decimal rounded to the nearest cent as needed) Find the present value of the following future amount. 53000 at 10% compounded annually for 25 years The present value is $ (K("Efo ttsC: el.' il', ne,.ik d ) bbea:, Suppose a savings and loan pays a nom nal rate of 3 6% on savings deposits Find the effective annual yield f interest is compounded quarterly The effective annual yield is L1%. (Type an integer or a decimal rounded to the nearest thousandth as needed) How long would it take to double your money in an account paying 3% compounded quarterly? Ignoring leap years, the investment will be doubled inyears anddays. Round to the nearest whole number as needed.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!