This topic contains a solution. Click here to go to the answer

Author Question: Andy invests his savings into an account that compounds interest quarterly. To find the number of ... (Read 64 times)

erika

  • Hero Member
  • *****
  • Posts: 522
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
Answer to Question 1

four

Answer to Question 2

proceeds




erika

  • Member
  • Posts: 522
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

For a complete list of videos, visit our video library