Question: Find the compound amount and interest from the following table: Rate of compound interest 5% 4% 2% 3% Term years) Compound amount Compound interest .
Find the compound amount and interest from the following table:

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
Step by Step Solution
3.46 Rating (166 Votes )
There are 3 Steps involved in it
1 Number of periods 52 10 periods Period rate 5 2 25 Table va... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
724-B-F-F-M (2875).docx
120 KBs Word File
