An investment of $6,300 earns interest at 11.96% p.a. compounded monthly for five years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be two and a half years after the change?
What is the future value of $1280 in thirteen years, assuming an interest rate of 11% compounded half-yearly? Find the monthly payment, R, needed to have a s fund accumulate the future value A. The yearly interest n, are given. Interest is co...