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

Author Question: Andy invests his savings into an account that compounds interest quarterly. To find the number of ... (Read 56 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 24, 2018
Andy invests his savings into an account that compounds interest quarterly. To find the number of compounding periods, multiply the number of years of the investment times _______.
 Fill in the blank(s) with correct word

Question 2

The _________ of a loan is the amount the borrower receives, which is the maturity value less the bank discount.
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

four

Answer to Question 2

proceeds


erika

  • Member
  • Posts: 522
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The average adult has about 21 square feet of skin.

Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
How to find two positive angles less than 360° for a reciprocal trigonometric function (secant) How to find two positive angles less than 360° for a reciprocal trigonometric function (secant)
How to use right endpoints to find an expression showing the area of a function How to use right endpoints to find an expression showing the area of a function
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
How to use the discriminant to determine the number of roots for any quadratic equation How to use the discriminant to determine the number of roots for any quadratic equation
How to calculate simple interest (Part 1) How to calculate simple interest (Part 1)
Video: Glycolysis Animation

For a complete list of videos, visit our video library