With an interest rate of 8% compounded semiannually, the value of a $1000 investment after 5 years is most nearly (A) $1400 (B) $1470 (C) $1480 (D) $1800 How much is the effective or market interest rate on a bond that has a face value of $1,000, is ...
An investment of $100 pays 8.00 percent compounded semiannually. If the money is left in the account for three years, how much will the $100 be worth? Use the EFFECT Worksheet Function Because of semiannual compounding, you must repeat the EFFECT function ...
Ms. Fenewick deposited $48,950 in the bank today, at an interest rate of 7%. How much is in the account after 12 years? If I deposit $500 in the bank today and the bank pays interest of 6% compounded annually, how much will I have 3 ...
31. Best Improvised Jazz Solo For an instrumental jazz solo performance. Two equal performers on one recording may be eligible as one entry. If the soloist listed appears on a recording billed to another artist, the latter's name is in parenthesis for identification. Singles or Tracks only. G...
Some banks compound interest daily, while others compound interest monthly, quarterly or semi-annually. The more often interest is compounded, the more money you'll earn. You can use a compound interest calculator to figure out how much your money can grow in a CD. We recommend using...
1求问SAT2数学题.01.if $2000 in invested at a rate of 6% compounded quarterly,how much will the investment be worth in 4 years?解析:A=P(1+R/N)^NT where N is the number of times the investment is compounded per year.A=2200(1+0.06/4)^16还有题目中的quarterly怎样解释?02.which of ...
But the interest rate is compounded semi-annually Payment periods 3 years = 36 months A little bit critical case. Think along with me: The interest rate will be compounded semi-annually (every 6 months), right? So, divide 12% by 2 which returns 6%. Payments are monthly. So, over the ...
To calculate the loan payment with compounded interest using the PMT function: Enter the following formula in cell C8: =PMT((C5/2+1)^(1/6)-1,C7,-C6) Press Enter to return the output. Formula Explanation: Here, the interest rate will be compounded semi-annually (every six months),...
How much would you need to deposit in an account now in order to have $3,000 in the account in 8 years? Assume the account earns 4.5% interest compounded semiannually. How much do you need to deposit in an account ...
earned, you need to know the annual interest rate, how much money is in the account and how often the interest is compounded in the account. How often interest is compounded is significant, because the more often money is added to the account, the greater the overall amount of interest ...