Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded
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Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded quarterly.
Suppose Susan Gorn invested $5000 in a savings account that paid quarterly interest. Aer 6 years the money had accumulate to $6539.96. What is the annual interest rate?
Alicia Garcia wants to borrow $8000 from Robin Marn. She is willing to pay back $8180 in 6 months. What interest rate will she pay?
Suppose $1000 is deposited at the end of each year for the next 6 years in an account paying 8% per year compounded annually. How much will be in the account at the end of this period?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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