What is the principal that will grow to $1400 in four years, four months at 9.5%...

Question

Question

Answer 1

Answer #1

Date Page 41 3 Given, Amount = $1400 Time = 4 year 4 months year Interest =9.5% compounded semi-annud let principal be p 43*2

Answer 2

Similar Homework Help Questions

What is the principal that will grow to $5800 in seven years, two months at 5.7%...

What is the principal that will grow to $5800 in seven years, two months at 5.7% compounded monthly? The principal is 5 (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Deposits of $96.00 are made at the end of every six months for 9.5 years. What...

Deposits of $96.00 are made at the end of every six months for 9.5 years. What will the deposits amount to if interest is 9% compounded semi-annually? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What sum of money will grow to $3443.75 in seven years at 8.3% compounded semi-annually? The...

What sum of money will grow to $3443.75 in seven years at 8.3% compounded semi-annually? The sum of money is $0 (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

A 54542.16 investment matures in 6 years, 2 months. Find the maturity value if interest is...

A 54542.16 investment matures in 6 years, 2 months. Find the maturity value if interest is 2.9% per annum compounded semi-annually The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What sum of money will grow to $6347.24 in nine years at 4% compounded quarterly? The...

What sum of money will grow to $6347.24 in nine years at 4% compounded quarterly? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Scheduled payments of $477, $1137, and $449 are due in one-and-a-half years, four years, and five-and-a-half...

Scheduled payments of $477, $1137, and $449 are due in one-and-a-half years, four years, and five-and-a-half years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 9% compounded semi-annually? The equivalent single replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

For the last 5 years Kerwin has made deposits of $126.00 at the end of every...

For the last 5 years Kerwin has made deposits of $126.00 at the end of every six months earning interest at 6 % compounded semi-annually. If he leaves the accumulated balance for another 4 years at 10 % compounded annually , what will the balance be in the account?The balance will be $---------nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A demand loan for S4344.43 with interest at 4.7% compounded semi-annually is repaid after 5 years,...

A demand loan for S4344.43 with interest at 4.7% compounded semi-annually is repaid after 5 years, 8 months. What is the amount of interest paid? The amount of interest is $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $240 into a...

Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $240 into a trust fund every six months until Robin was twenty-one years old. The trust fund provides for equal withdrawals at the end of each six months for four years, beginning six months after the last deposit. If interest is 5.87% compounded semi-annually, how much will Robin receive every six months? Robin will receive $___ ? (Round the final answer to the nearest cent as needed....

7. How much interest is included in the future value of an ordinary simple annuity of...

7. How much interest is included in the future value of an ordinary simple annuity of $1,350 paid every six months at 6% compounded semi-annually if the term of the annuity is 2 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 8. Glenn has made contributions of $250 at the end of every three months into an RRSP for ten years. Interest for...