Register
you deposit $1050 into an account that pays 7.25% interest per year. find the amount after six year given the following: a) compounded semiannually b) compounded monthly
137k views
5 votes
you deposit $1050 into an account that pays 7.25% interest per year. find the amount after six year given the following: a) compounded semiannually b) compounded monthly

User Vlad Nicula
by
5.7k points

1 Answer

3 votes

Answer:

semiannually = $1609.77

monthly = $1128.71

Explanation:

User Csblo
by
4.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

What is the value of x? (-4) - x = 5
1/7 + 3/14 equivalent fractions
185g in the ratio 2:3
(3x1,000,000)+(3x100,000)+(2x100) what is this number written in standard form?
The function h = -t2 + 95 models the path of a ball thrown by a boy where h represents height, in feet, and t represents the time, in seconds, that the ball is in the air. Assuming the boy lives at sea
Link Copied!