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frosttyfrog
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frosttyfrog
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determine of principal
Today Brianna has $7424.83 in her bank account. For the last two years, her account has paid 6%/a, compounded monthly. Before then, her account paid 6%/a compounded semi-annually, for four years. If she made only one deposit six years ago, determine the
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frosttyfrog
Feb 18, 2021
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127
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what is the present value and the interest earned? help would be highly appericated. im fine with all of my course work but its the interest
1. a loan of $11 200 due in 5 years, with interest of 4.4%/a compounded quarterly.
2. an investment that will be worth $128 500 in 8 years. The interest rate is 6.5%/a, compounded semi-annually.
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frosttyfrog
Feb 17, 2021
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122
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what is the total amount and the interest earned?
$28 200 invested for 10 years at 5.5%/a compounded semi-annually
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frosttyfrog
Feb 17, 2021
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124
1
+17
pls help!!!! what is the 1.interest rate for each conversion period 2. the number of conversion periods
a) an investment at 5%/a, compounded annually, for 5 years
b) an investment at 4.5%/a, compounded semi-annually, for 42 months
c) a loan at 5.2%/a, compounded weekly, for 2 years
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frosttyfrog
Feb 16, 2021
0
120
1
+17
could someone walk me through this please? it really confuses me
For each situation, determine i. the interest rate for each conversion period ii. the number of conversion periods
a. an investment at 5%/a, compounded annually, for 5 years
b. a deposit at 8.2%/a, compounded quarterly, for 16 months
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frosttyfrog
Feb 12, 2021