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Jim Moore opened a new savings account. He deposited \$12,000 at 12 percent compounded semiannually. At the start of the fourth year, Jim deposits an ...
additional \$50,000 that is also compounded semiannually at 12 percent. At the end of 6 years, the balance in Jim Moore's account is: (Use the tables in the handbook)
And the answer is, e. None of the above. Source: [http://slater1.pageout.net/page.dyn/instructor/assessment/display_assessment?quiz_id=488732] ...
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User: Jim Moore opened a new savings account. He deposited \$12,000 at 12 percent compounded semiannually. At the start of the fourth year, Jim deposits an additional \$50,000 that is also compounded semiannually at 12 percent. At the end of 6 years, the balance in Jim Moore's account is: (Use the tables in the handbook)

Weegy: And the answer is, e. None of the above. Source: [http://slater1.pageout.net/page.dyn/instructor/assessment/display_assessment?quiz_id=488732]

User: Compounding always reduces the principal.

Weegy: Does compounding always reduce the principal? false. [ If you always do what you have always done you will always be what you have always been? If you always think what ... http://wiki.answers.com/Q/Why_is_your_principal_always_in_your_classroom ]

User: Interest = principal rate divided by the time

Weegy: I=PNR/100.So p=I*100/N*R

User: The rate to be used in compounding is found by taking the annual rate divided by the number of times compounded per day

Weegy: That is Tue.

User: Compound value = \$ amount divided by table factor

Weegy: ... table to determine the future value of an annuity factor. ... amount of money you need by the future value of an annuity factor. [ In the example, \$10,000 divided ... Compound ... www.ehow.com/how_6807467_calculate-financial-goal-interest-rate.html ]

User: Compound value = \$ amount divided by table factor true or false

Weegy: Two-way ANOVA adds a second factor ... information to see if it is true or false. An If function in Excel returns a value if ... [ know which cells to compare (value and table ... www.ehow.com/using-excel/ ]

User: By using the table in the handbook, the table factor for compounding \$4,000 at 9 percent compounded annually for one year is 1.0900

Weegy: True. The table factor for compounding \$4,000 at 9 percent compounded annually for one year is 1.0900.

User: The nominal rate is really the true rate.

Weegy: I'm not sure what your asking. [ In finance and economics, nominal interest rate or nominal rate of interest refers to two distinct things: the rate of interest before adjustment for inflation (in contrast with the real interest rate); or, for interest rates "as stated" without adjustment for the full effect of compounding (also referred to as the nominal annual rate). An interest rate is called nominal if the frequency of compounding (e.g. a month) is not identical to the basic time unit (normally a year). ]

User: Using the interest for daily compounding (in your handbook) \$700 would grow to \$790 at the end of 3 years, at 8% interest

Weegy: Auto answ

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