Question: Question 1. Kevin made an initial deposit on 1/1/2012 into an account that earns 1.88% interest compounded semiannually. If Kevin is withdrawing $2152.85 from the
Question 1. Kevin made an initial deposit on 1/1/2012 into an account that earns 1.88% interest compounded semiannually. If Kevin is withdrawing $2152.85 from the account at the end of each six months and the balance of the account on 1/1/2020 was $46.062.15, then do the following:
The amount of interest that he earned for the compound period that started on 1/1/2020 and ended on the day before 7/1/2020 was $__________. The balance of the account on 7/1/2020 was $__________
Question 2. If $9558 is deposited into an account that earns simple interest and it takes 13 years to earn $3976.13 in total interest, then the annual interest rate for the account is _______% (Round to one decimal place)
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