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 $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.)
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.)
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.)
What is the principal that will grow to $1400 in four years, four months at 9.5% compounded semi-annually? The principal is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
An investment of $3200 earns interest at 4.5% per annum compounded semi-annually for three years. At that time the interest rate is changed to 4.9% compounded monthly. How much will the accumulated value be one-and-a-half years after the change? The accumulated 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 $4663.73 in eight years at 6% compounded annually? The sum of money is S needed)
0 The Continental Bank advertises capital savings at 5.8% compounded semi-annually while TD Canada Trust offers premium savings at 5.7% compounded monthly. Suppose you have $3000 to invest for two years. (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (a) The savings account will earn more interest (b) The difference is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...
Please help thank you. A $87,000 mortgage is to be amortized by making monthly payments for 15 years. Interest is 8.1% compounded semi-annually for a seven-year term. (a) Compute the size of the monthly payment. (b) Determine the balance at the end of the seven-year term. (c) If the mortgage is renewed for a seven-year term at 7% compounded semi-annually, what is the size of the monthly payment for the renewal term? (a) The size of the monthly payment is...
A demand loan for $11,243.38 with interest at 9.9% compounded annually is repaid after 4 years, 11 months. What is the amount of interest paid? The amount of interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the maturity value of a 9-year term deposit of $3255,53 at 2.3% compounded annually? How much interest did the deposit cam? The maturity value of the term deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The amount of interest eamed is su (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)