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Author Question: The compounded amount of a 5,000 investment at 9 interest compounded bi-annually for 5 years is ... (Read 106 times)

Mr3Hunna

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on: Jun 24, 2018
The compounded amount of a 5,000 investment at 9 interest compounded bi-annually for 5 years is 7,764.84.  
  Indicate whether the statement is true or false

Question 2

The Annual percentage rate is the advertised or stated interest rate of an investment or loan. It is the rate used to calculate the compound interest.
  Indicate whether the statement is true or false


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welcom1000

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


Mr3Hunna

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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