Question: Find the compound amount for the given deposit and the amount of interest earned. $210 at 7.4% compounded semiannually for 14 years The compound amount

Find the compound amount for the given deposit and the amount

Find the compound amount for the given deposit and the amount of interest earned. $210 at 7.4% compounded semiannually for 14 years The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Please Help! I've got this due on saturday. Please read the instructions carefully. A new client of yours, Katie Perez wants to open an ice cream shop near the downtown shopping center. She will...

Find the compound amount for the given deposit and the amount of interest earned. $430 at 5.8% compounded semiannually for 12 years The compound amount is $ (Do not round until the final ariswer....

Find the compound amount for the given deposit and the amount of interest earned $270 at 5.6% compounded semiannually for 10 years The compound amount is? The amount of interest earned is?

Find the compound amount for the given deposit and the amount of interest earned. $4500 is invested at 8% compounded quarterly for 2 years The compound amount is $ (Do not round until the final...

Find the compound amount for the given deposit and the amount of interest earned. $4000 is invested at 8% compounded quarterly for 3 years The compound amount is $ (Do not round until the final...

Find the compound amount for the given deposit and the amount of interest eamed. $2500 is invested at 8% compounded quarterly for 8 years The compound amount is (Do not round until the final inswer....

Find the compound interest earned by the deposit. Round to the nearest cent. $16,000 at 5% compounded semiannually for 6 years A) $5518.22 B) $2555.09 C) $5441.53 D) $4800.00 Find the effective rate...

What is the formulas for COMPOUND INTEREST? What is the formula for PRESENT VALUE? What is the formula for FUTURE VALUE What is COMPOUND INTEREST? Is COMPOUND interest better than SIMPLE INTEREST For...

Hi, Can you please help me with a couple of questions? $1200 for two 4 years at 4.2% compounded annually, $800 for 5 years at 4% compounded monthly. Find the compound amount on the given original...

Find the compound amount for the deposit and the amount of interest earned. $230 at 5.2% compounded semiannually for 17 years The compounded amount after 17 years is $____?. The amount of interest...

Find the compound amount for the deposit and the amount of interest earned. $740 at 4.2% compounded semiannually for 15 years The compound amount (future value) can be calculated using the compound...

How many years would it take $1,000 to grow to $5,000 assuming an annual interest rate of 15%?

The escutcheon (a decorative plate placed on a pipe where the pipe exits from a wall) shown is cast from yellow brass. Knowing that the density of yellow brass is 8470 kg/m3, determine the mass of...

Which of the following international financial markets allows corporations to issue debt in multiple currencies? International credit market International stock market International money market...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...