« previous next »

Author Question: What is the compound amount if Alicia deposited 6,500 at 10 interest compounded quarterly for one ... (Read 69 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jun 24, 2018
What is the compound amount if Alicia deposited 6,500 at 10 interest compounded quarterly for one year? Round to the nearest cent after each calculation.

Question 2

What is the compound interest earned at the end of a 2-year period on a loan with an original principal of 8,000 at 7 compounded annually?


Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 24, 2018
Answer to Question 1

7,174.78;

Answer to Question 2

1,159.20;


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Amount of Energy Released by Earthquakes of Different Magnitudes Amount of Energy Released by Earthquakes of Different Magnitudes
The amount each injector is able to flow is displayed in glass cylinders are each injector for a ... The amount each injector is able to flow is displayed in glass cylinders are each injector for a ...
Calculation of the Amount of the Local Anesthetic and Vasoconstrictor Calculation of the Amount of the Local Anesthetic and Vasoconstrictor
Use a compound angle formulas to evaluate the following: Use a compound angle formulas to evaluate the following:
Combustion analysis of 0.150 g of an unknown compound containing carbon, hydrogen, and oxygen ... Combustion analysis of 0.150 g of an unknown compound containing carbon, hydrogen, and oxygen ...
Average quarterly presidential approval rating, from Eisenhower to Trump Average quarterly presidential approval rating, from Eisenhower to Trump
Video: Physiology of Asthma

For a complete list of videos, visit our video library