mediaz0529
mediaz0529 mediaz0529
  • 01-03-2021
  • Mathematics
contestada

Determine the INTEREST ONLY for $4,331.00 earning 5.5% for 4 years, compounded semi-annually.

Respuesta :

emilyjarvis04owbj60 emilyjarvis04owbj60
  • 01-03-2021
4,331 times 8 (semiannual for 4 yrs) = 34,648
34,648 + 5.5% = 36,553.64

to find interest:
36,553.64 - 34,648 = 1,905.64

THE INTEREST RATE IS $1,905.64
Answer Link

Otras preguntas

what does the numerator tell us in fraction
What is the Largest Desert in the World?
factoring-16w²+50wz-21z²  please help me solve
Why was FDR's Court Packing Plan a mistake?
What does it mean when Brutus says: "Into what dangers would you lead me, Cassius... that you would have me seek into myself...for that which is not in me?
What are the essential 4 parts for a civilization to develop? Explain how rivers were the source of civilization?
The specific temperature at which a substance changes from a liquid to a gas is an example of a
Which statement accurately describes the Battle of Marathon?   A. Athens fought alone against Darius's army and decisively defeated the Pers
Why was FDR's Court Packing Plan a mistake?
What effects did the battle of bunker hill have?