« previous next »

Author Question: What is the compound amount if Alicia deposited 6,500 at 10 interest compounded quarterly for one ... (Read 26 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?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

insect's compound eye, revealing photoreceptor cells, support cells and pigment cells insect's compound eye, revealing photoreceptor cells, support cells and pigment cells
A compound microscope. A compound microscope.
Reaction 6: Generation of the First Energy-Rich Compound Reaction 6: Generation of the First Energy-Rich Compound
A compound of iron and sulfur crystallizes in a lattice pattern described as cubic closest ... A compound of iron and sulfur crystallizes in a lattice pattern described as cubic closest ...
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library