Question: Find the amount of interest earned by each of the
Find the amount of interest earned by each of the following deposits: $27,630.35 at 4.4% compounded quarterly for 3.7 years.
Answer to relevant QuestionsFind the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar) $8,500 grows to $12,161 in 7 years.As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If money can be invested at 6% compounded annually, which is larger?You borrow $165,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?An investment will pay $3,600 per year for 10 years, with the first payment occurring today. If the interest rate is 7%, what is the value of this investment today? What would the value of the investment be if the cash ...1. ABC issued 12-year bonds at a coupon rate of 8% with semi-annual payments. If the bond currently sells for $1050 of par value, what is the YTM?2. ABC issued 12-year bonds 2 years ago at a coupon rate of 8% with ...
Post your question