Find the compound amount and interest from the following table: Rate of compound interest 5% 4% 2%
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Find the compound amount and interest from the following table:
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Rate of compound interest 5% 4% 2% 3% Term years) Compound amount Compound interest . $5,000 2. $12,000 3. $7,000 4. $2.985 Compounded semiannually quarterly semiannually annually 10
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1 Number of periods 52 10 periods Period rate 5 2 25 Table va...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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