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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.
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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:



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Asked 1/4/2012 1:27:26 AM
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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. User: show your work please Weegy: $218.75 is the answer. $25,000 x 5% = 1250+25000 = $26250 / 10 = 2625 / 12 = $218.75 User: What happens if you can increase your interest rate to 8%? Weegy: monthly will also increase to $225 User: can you show your work Weegy: $25,000 x 8% = 2000. 25000+2000 = 27000 / 10yrs = 2700 / 12mos = $225 per month User: Thank you (More)
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Accounting transactions are very important to a firm's operations. Which of the following activities would affect the firm's account balances? (Points : 3) Buying and selling goods and services Interviewing prospective employees Understanding economic reports Forecasting consumer demand
Weegy: The answer is D. the cost of production and consumer demand. User: . Which of the following is a primary area of concern for financial managers? (Points : 3) Undercapitalization Inability to recruit qualified workers Poor advertising messages Inadequate market control (More)
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Asked 12/31/2011 4:08:00 AM
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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)
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Asked 12/29/2011 7:59:40 PM
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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 accrued = total balance - starting balance = $147 - $128 = $19 ] (More)
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Asked 12/29/2011 7:52:18 PM
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You have been asked by your friend to describe this topic. Your friend knows very little about math, but learns well with pictures and analogies. Come up with a creative way to explain the concept of "compound interest" to your friend.
Weegy: Tell your friend to imagine being in school. Then imagine you have been disciplined by the principal for behaving unruly in school. Then tell him to that school is difficult enough so being suspended adds to the equation. Hope this helps. User: Come up with your own example of compound interest different than the one in question two. Weegy: Interest Rate: 6% daily Starting Balance: $188 Time Passed: 8 days How much interest has accrued if calculated as compound interest? What is the new total balance? Interest: $112 Total balance: $300 ***Solution Compound Interest: Total Balance = [ P(1 + R)T P = principle = starting balance = $188 R = interest rate = 6% T = time = 8 years Total balance = principle × (1 + interest rate)time = 188 × (1 + (6 / 100))8 = $300 Interest accrued = total balance - starting balance = $300 - $188 = $112 ] (More)
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