This topic contains a solution. Click here to go to the answer

Author Question: At what nominal rate of interest compounded semi-annually will $5900 earn $6400 interest in six years? (Read 124 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538

Question 1

Calculate the nominal rate of interest compounded semi-annually that is equivalent to 8.4% compounded monthly.

Question 2

At what nominal rate of interest compounded semi-annually will $5900 earn $6400 interest in six years?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by JGIBBSON on Jun 6, 2019

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly




JGIBBSON

  • Member
  • Posts: 538
Reply 2 on: Jun 6, 2019
Wow, this really help


smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library