An account paying 3.2% interest compounded semiannually has a balance of $32,675.12. Determine the amount that can be withdrawn from the account semiannually for 5 years. Assume ordinary annuity and round to the nearest cent.
a.
$3,505.80
b.
$3,561.90
c.
$3,039.09
d.
$2,991.23
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An account paying 3.2% interest compounded semiannually has a balance of $32,675.12. Determine the amount that can be withdrawn from the ...” 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
You Might be Interested in
Simplify [ (4+11) : (12-7) ]
Answers (2)
Phytoremediation is the use of plant growth to purify pollutants from soil, water, or air. Suppose that a crop of brake ferns can remove 15 milligrams (mg) per square meter of a particular pollutant from the soil in 20 weeks.
Answers (1)
Equivalent fractions of 84/100
Answers (1)
An arrow is shot straight up from a cliff 58.8 meters above the ground with an initial velocity of 49 meters per second. Let up be the positive direction.
Answers (1)
Three baseball teams found the teams batting average. This table shows the mean and the mean absolute deviation of the batting averages.
Answers (1)
New Questions in Mathematics
A newspaper reporter wants to know how popular the hobby of bird watching is in the city. He asked people at the local bird refuge if they watched birds as a hobby. Which of the following best explains whether the reporters data is valid or not?
Answers (1)
I am very confused on how to figure out if y = 3/4x is proportional?
Answers (2)
Alison wants to buy a mountain bike for $339.12. If she saves $28.26 each month, in how many months will she be able to buy the bike?
Answers (2)
At 12 o'clock the temperature was 7°C. The temperature decreased by - 20°C. What is the new temperature?
Answers (1)
Ashleys rentals charges $27.50 per hour to rent a surfboard and a wetsuit. Darlas surf shop charges $23.25 per hour to rent a surfboard plus $17 extra for a wetsuit.
Answers (1)