Assuming biannual compounding, how long will it take Prakash's account to go from $3,988 to $5,012...

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Assuming biannual compounding, how long will it take Prakash's account to go from $3,988 to $5,012 if the interest rate was 4.77%? If compounding is yearly, what was the interest rate if Maggie's account doubled over the course of 7 years? How much was deposited into Larry's account if, after 4 years, 3 months, it currently sits at $10,990 from a 6.22% interest rate, assuming monthly compounding? Suppose there is $4,500 in a person's account after 3 years. Assuming simple interest, how much was deposited into the account if the interest rate was 2.1%? Assuming biannual compounding, how long will it take Prakash's account to go from $3,988 to $5,012 if the interest rate was 4.77%? If compounding is yearly, what was the interest rate if Maggie's account doubled over the course of 7 years? How much was deposited into Larry's account if, after 4 years, 3 months, it currently sits at $10,990 from a 6.22% interest rate, assuming monthly compounding? Suppose there is $4,500 in a person's account after 3 years. Assuming simple interest, how much was deposited into the account if the interest rate was 2.1%?

Answer rating: 100% (QA)

To calculate the time it will take for Prakashs account to go from 3988 to 5012 with a 477 interest rate assuming biannual compounding we can use the formula for compound interest A P1 rnnt Where A Fi... View the full answer