This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The compounded amount of a 5,000 investment at 9 interest compounded bi-annually for 5 years is ... (Read 245 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
Review of Health and Illness over the Adult Years Review of Health and Illness over the Adult Years
The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ... The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ...
Reaction 1: The First ATP Investment Reaction 1: The First ATP Investment
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
Video: Leukemia

For a complete list of videos, visit our video library