Question and answer
The rate used in the table for calculating compound interest is found by?
The annual rate is used in the table for calculating compound interest.
Ask a question
Not a good answer? Get an answer now. (Free)
Original conversation
User: The rate used in the table for calculating compound interest is found by?







Weegy: The annual rate is used in the table for calculating compound interest.
Expert answered|AngelInDisguise|Points 3196|

User: The rate used in the table for calculating compound interest is found by: (Points : 1) Annual rate number of periods Annual rate number of times compounded per year Annual rate divided by number of times compounded per year Annual rate divided by semiannually None of these



Weegy: The rate used in the table for calculating compound interest is found by None of these
Expert answered|AngelInDisguise|Points 3196|

User: The interest on $6,000 at 6 percent compounded semiannually for 8 years is:



Weegy: Future value of principal = 6000*(1+ 0.06/2)^(8*2) So, interest = 6000*(1+ 0.06/2)^(8*2)- 6000 = 3628.2 $3,628.20
Expert answered|AngelInDisguise|Points 3196|

User: The effective rate (APY) is:



Weegy: Effective APY = (1 + r/n )n – 1 where r is the stated annual interest rate and n is the number of times you’ll compound per year.
Expert answered|AngelInDisguise|Points 3196|

User: $6,000 for 6 years at 8½% compounded daily will grow to:



Weegy: FV = $6,000 * ( 1 + 0.085 / 365 )^( 6 * 365 ) FV = $9,991.15
Expert answered|AngelInDisguise|Points 3196|

User: A table factor of .7312 from a present value table of $1 means that a certain rate of interest for a certain period of time it will equal:



Question
Asked 1/4/2012 1:27:26 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
define financial management
Weegy: Financial Management can be defined as: The management of the finances of a business / organisation in order to achieve financial objectives User: define accounting management Weegy: The process of preparing management reports and accounts that provide accurate and timely financial and statistical data. User: Is one more important than the other? (More)
Question
Education|No Subcategories|Expert Answered
Asked 12/29/2011 5:08:54 AM
0 Answers/Comments
How does these managements work together to reach their goals?
Weegy: Which managements are you referring to? User: accounting and financial management (More)
Question
Education|No Subcategories|Expert Answered
Asked 12/29/2011 5:31:38 AM
0 Answers/Comments
How do accounting and financial mangement work together to help a business reach its goals?
Weegy: Financial accounting reports are prepared for the use of external parties such as shareholders and creditors, [ [ whereas managerial accounting reports are prepared for managers inside the organization. This contrast in basic orientation results in a number of major differences between financial and managerial accounting, even though both financial and managerial accounting often rely on the same underlying financial data. In addition ... (More)
Question
Education|No Subcategories|Expert Answered
Asked 12/29/2011 5:35:20 AM
0 Answers/Comments
Come up with your own example of compound interest.
Weegy: Interest Rate: 2% weekly Starting Balance: $128 Time Passed: 7 weeks How much interest has accrued if calculated as compound interest? What is the new total balance? Interest: $19 Total balance: 147 *****Solution Compound Interest: Total Balance [ = P(1 + R)T P = principle = starting balance = $128 R = interest rate = 2% T = time = 7 years Total balance = principle × (1 + interest rate)time = 128 × (1 + (2 / 100))7 = $147 Interest ... (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 12/29/2011 7:52:18 PM
0 Answers/Comments
If you want to save $25,000 for a down payment on a house and you have ten years to save this amount, how much would you need to save monthly to achieve this goal if the interest rate is 5% compounded monthly.
Weegy: you need to save $208.33 monthly to achieve this goal if the interest rate is 5% compounded monthly. (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 12/29/2011 7:59:40 PM
0 Answers/Comments
16,923,775 questions answered
Popular Conversations
Poetry is only intended to be taken literally.
7/22/2014 12:28:55 PM| 7 Answers
Unified Command:
Weegy: UNIFIED COMMAND enables all agencies with responsibility to manage an incident together by establishing a common ...
7/23/2014 4:00:02 PM| 3 Answers
Ad Hominem
Weegy: A) ad hominem arguments
7/22/2014 10:50:04 PM| 2 Answers
Select the product of (9x + 1)(9x - 1)
Weegy: (9x + 2)(9x - 2) = 81x^2 - 4 User: Select the product of (8x + 7)(x2 - 6x + 4).
7/23/2014 12:55:34 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 1841 [Total 20841]| Ratings 1| Comments 1831| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 1736 [Total 16865]| Ratings 0| Comments 1736| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1465 [Total 14020]| Ratings 1| Comments 1455| Invitations 0|Offline
S
L
1
Points 1372 [Total 3555]| Ratings 2| Comments 1352| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1075 [Total 7252]| Ratings 2| Comments 1055| Invitations 0|Offline
S
1
L
Points 878 [Total 3014]| Ratings 4| Comments 838| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 829 [Total 10437]| Ratings 0| Comments 829| Invitations 0|Offline
S
1
L
Points 725 [Total 4401]| Ratings 2| Comments 705| Invitations 0|Online
S
P
C
L
P
L
1
Points 700 [Total 5754]| Ratings 4| Comments 660| Invitations 0|Offline
S
Points 253 [Total 401]| Ratings 2| Comments 233| Invitations 0|Online
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.