Question: find the compound interest. Round to the nearest cent. $ 7,620 at 2% compounded semiannually for 5 years

find the compound interest. Round to the nearest cent. $ 7,620 at 2% compounded semiannually for 5 years

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 Mathematics Questions!

Q:

1. 2. 3. Poriad 1 2 3 4 5 7 8 9 10 11 12 13 1.00500 101003 1.01 SOS 1.02015 1.02525 1.03038 1.03553 1.01071 1.04591 1.05114 1.05640 1.06168 1.066.99 1.07232 1.07768 1.08307 1.08819 1.09393 1.099.00...

Q:

$8873.20 5% anually $7300 Amount Needed Time (Years) Interest Compounded 24 SMS ve 2011 31170 45 IN 7219 300 HEEFT CIT WWW WO DICH INSTOC www west STIES be WY RE ET LE AN LAT WS CSIT he GROW EN tur...

Q:

1. 2. 3. Poriad 1 2 3 4 5 7 8 9 10 11 12 13 1.00500 101003 1.01 SOS 1.02015 1.02525 1.03038 1.03553 1.01071 1.04591 1.05114 1.05640 1.06168 1.066.99 1.07232 1.07768 1.08307 1.08819 1.09393 1.099.00...

Q:

33 and 37 Question 33 12 pts Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day. Mark Golden needs $7534.25 to pay for...

Q:

q37 Use values from the compound interest table to find the compound interest. Round to the nearest cent. Period 1 2. 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Compound Interest Table Interest Rate...

Q:

Find the monthly interest rate. 5) What is the monthly interest rate if an annual rate is 16.6% ? 5) A) 15.6% B) 13.83% C) 1.3% D) 1.38% Solve the problem. Round to the nearest cent. 6) On September...

Q:

20 Use values from the compound interest table to find the compound interest. Round to the nearest cent. Compound Intern Table Period PN 9% 2% 1 L0000 1000 LOLN 10000 10000 10003 20% 100000 142500 Lo...

Q:

Use the accompanying table to find the compound interest. Round to the nearest cent $5,000 at 4% compounded semiannually for 6 years Click the icon to view the future value table. $1,341.20 $630.81...

Q:

Use the accompanying table to find the compound interest. Round to the nearest cent. $5,570 at 4% compounded semiannually for 8 years

Q:

urses/16925/assignments/365715 4 5 b. 8. 37) log 2x-log 3+ log (x5) A) 15 1915-17 A) 1.760 Chapter 5 MATHEMATICS OF FINANCE Find the simple interest. Round to the nearest cent. 1) $860 at 2% for 2...

Q:

Part (c) Outline the methods that help in improving readability. n

Q:

A factory releases air pollutants that have a negative impact on the adjacent neighborhood (populated by 2,000 households). If the government could assign property rights to the air to either the...

Q:

Verbal communication provides a forum for discussion, clarification, understanding, and immediate feedback. True False

Q:

Ivanhoe Corporation manufactures safes-large mobile safes and large walk-in stationary bank safes. As part of its annual budgeting process, I vanhoe is analyzing the profitability of its two...