Over a 10 year period, an original principal of $4500 accumulated to $6925 in an account in which interest was compounded semiannually. Determine the effective annual rate of interest (rounded to 2 decimal places)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Over a 10 year period, an original principal of $4500 accumulated to $6925 in an account in which interest was compounded semiannually. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
15 liters increased by 60% is liters
Answers (2)
Two step equations -5n+8=-7
Answers (2)
Raman buys two packages of chicken wings. One package weighs 1.28 pounds, and the other weighs 2.63 pounds. The price of chicken wings is $3.25 per pound. What is the total cost of the chicken wings?
Answers (1)
A circle is centered at (7, 8) and has a radius of 11. Which of the following is the equation for this circle?
Answers (1)
Find the difference between 700 and 341
Answers (2)
New Questions in Mathematics
A t-shirt cost $25, but isnarked 15% off. What is the sale price of the t-shirt
Answers (1)
4x squared + 33x-27 in quadratic formula
Answers (1)
Find each quotient. Then use related multiplication facts to check that your answers are reasonable
Answers (1)
an object of mass 300kg is observed to accelerate at the rate of 4 m/s^2. Caculate the force required to produce this acceleration
Answers (1)
A cone has a volume of about 28 cubic inches. Which are possible dimensions for the cone?
Answers (1)