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Earn +20 ptsQ: What is 5000 dollars compounded semiannually at 6 percent for 5 years?
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The price of 4500 in 7 years with 2 percent rate at compounded semiannually?
4500 x (1.01)14 = 5172.63
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
How much money must be deposited now at 6 percent interest compounded semiannually to yield an annually payment of 4000 at the end of each six month period for a total of five years round your answer?
$35144.44
Find the accumulated value of an investment of 25000 for 7 years at an interest rate of 4 percent if the money is compounded semiannually?
25000 x (1.02)14 = 32976.97. For comparison, compounded annually would give 25000 x (1.04)7 = 32898.29, not a huge difference but worth having!
How much would 200 dollars invested at 7 percent interest compounded annually be worth after 5 years?
$280.51
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