Ask Question
5 September, 16:23

5.

Find the interest earned. Assume 3.5% interest compounded daily.

$975 deposited April 23 and withdrawn June 18

$6.66

$5.25

$5.16

$6.75

6.

Find the present value.

Amount Needed: $12,300

Time (Years) : 4

Rate: 4%

Compounded: quarterly

$10,514.04

$11,820.05

$10,332.00

$10,489.69

7.

Find the present value.

Amount Needed: $42,000

Time (Years) : 8

Rate: 3%

Compounded: semiannually

$37,283.82

$36,960.00

$33,097.26

$33,155.22

+5
Answers (2)
  1. 5 September, 16:35
    0
    33,155.22 is the correct answer for this
  2. 5 September, 16:36
    0
    33,155.22 is the correct answer for this
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “5. Find the interest earned. Assume 3.5% interest compounded daily. $975 deposited April 23 and withdrawn June 18 $6.66 $5.25 $5.16 $6.75 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers