Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. for a deposit of $1039 at 7 3% over 4 years, find

For a deposit of $1039 at 7 3% over 4 years, find the interest earned...

70.2K

Verified Solution

Question

Finance

image
image
image
image
For a deposit of $1039 at 7 3% over 4 years, find the interest earned if interest is compounded semiannually quan erty monthly, daily, and continuously Type an integer or decimal rounded to the nearest cent as needed) The interest earned if interest is compounded monthly is $ 351.10 (Type an integer or decimal rounded to the nearest cent as needed) The interest earned if interest is compounded daily is s (Type an integer or decimal rounded to the nearest cent as needed) Find the present value of the following future amount 000 at 10% compounded annually for 25 years The present value is $ (Round to the nearest cent as needed.) Suppose a savings and loan pays a nominal rate of 3 6% on savngs deposits Find the effective annual yield ifinterestis compounded quarterly The effective annual yield is 1-1% (Type an integer or a decimal rounded to the nearest thousandth as needed) How long would it take to double your money in an account paying 3% compounded quarterly? Ignoring leap years, the investment will be doubled in years and (Round to the nearest whole number as needed.) days

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students