5.

Find the interest earned. Assume 3.5% interest compounded daily.

$975 deposited April 23 and withdrawn June 18

$6.66

$5.25

$5.16

$6.75

6.

Find the present value.

Amount Needed: $12,300

Time (Years) : 4

Rate: 4%

Compounded: quarterly

$10,514.04

$11,820.05

$10,332.00

$10,489.69

7.

Find the present value.

Amount Needed: $42,000

Time (Years) : 8

Rate: 3%

Compounded: semiannually

$37,283.82

$36,960.00

$33,097.26

$33,155.22

Question

Philip

1 December, 13:51

+1

Answers (2)

Know the Answer?

Leo Mercado · Answer 1

33,155.22 is the correct answer for this

Reed · Answer 2

33,155.22 is the correct answer for this