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Using the Compound Interest Table on page 348 of your text, calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly. (Points : 2.5)

Weegy: Compound Interest or C.I. = $2,670.78
Total Amount= $10,370.78 (More)

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Expert Answered

Asked 6/30/2013 4:36:51 PM

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Now, using the new table factor from the previous question, calculate the compound amount for the $10,000 investment.

Weegy: I am sorry but i dont know what is your previous question about. please complete your question. (More)

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Asked 7/2/2013 8:04:56 PM

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The business manager of Paws and Claws Pet Supply arranges a loan of $3,500, at 6.5% interest, for 30 months. Find the amount of interest.
$568.75
$470.25
$335.50
$455.00

Weegy: $568.75 is the amount of interest.
(More)

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Asked 7/6/2013 3:04:41 PM

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Find the amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method. (Points : 2)
$945.00
$321.04
$321.40
$325.50

Weegy: The interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method is $321.04. (exact interest is based on 365 days).
I=Prt = 10,500*.09*124/365=321.04.
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Updated 7/6/2013 3:07:48 PM

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The amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method:

I=Prt = 10,500*.09*124/365 = 321.04

The interest is $321.04.

I=Prt = 10,500*.09*124/365 = 321.04

The interest is $321.04.

Added 7/6/2013 3:07:48 PM

Using the ordinary interest method, find the amount of interest on a loan of $5,000 at interest, for 284 days. (Points : 2)
$575.00
$394.44
$447.40
$453.61

Weegy: $447.40 is the amount of interest on a loan of $5,000 at interest, for 284 days.
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Expert Answered

Asked 7/6/2013 2:53:43 PM

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