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.
Get an answer
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
How does these managements work together to reach their goals?
Weegy: Which managements are you referring to? User: accounting and financial management (More)
Question
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 to the to the differences in who the reports are prepared for, financial and managerial accounting also differ in their emphasis between the past and the future, in the type of data provided to users, and in several other ways. These differences are discussed in the following paragraphs. ] ] (More)
Question
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 accrued = total balance - starting balance = $147 - $128 = $19 ] (More)
Question
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
Expert Answered
Asked 12/29/2011 7:59:40 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. 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)
Question
Expert Answered
Asked 12/29/2011 8:03:09 PM
0 Answers/Comments
17,930,828 questions answered
Popular Conversations
Manhattan Island is __________. A. the largest island in Canada B. ...
Weegy: the manhattan island is the most highly populated island in north america. letter D would be the best answer. ...
10/22/2014 8:51:05 AM| 9 Answers
what is micro
Weegy: A microorganism is a microscopic organism, which may be a single cell or multicellular organism. User: what ...
10/21/2014 7:38:45 PM| 3 Answers
Arabian glass, which authorities believe appeared in the second half ...
Weegy: Obsidian, which was used by early man to make arrowheads, is a naturally occurring glass. 'which was used by ...
10/22/2014 10:45:16 AM| 3 Answers
Solve the inequality. 2(4 + x) > 4(x + 4) A. x > 4 B. x > ...
Weegy: 2w + 3 > 14; 2w > 14 - 3; 2w > 11; w > 11/2 User: Solve the inequality. 5a + 12 6 B. a < 6 C. D.
10/21/2014 12:59:56 PM| 3 Answers
The type of life insurance often used as mortgage insurance is?
Weegy: The type of life insurance often used as mortgage insurance is: Decreasing term.
10/21/2014 1:58:43 PM| 3 Answers
Anime
10/21/2014 9:41:19 AM| 2 Answers
what are quadratic equations
Weegy: You can apply quadratic equation to cook marshmallows by following these steps: 1. Select a quadratic ...
10/21/2014 10:48:49 AM| 2 Answers
What is the solution set of 2x ^2 - 3x = 5?
10/21/2014 11:05:05 AM| 2 Answers
Simplify -(-2a + 13) + (-9a - 2) - (-7a - 3).
Weegy: -(-2a + 13) + (-9a - 2) - (-7a - 3) = (-7a - 15) - (-7a - 3) = -12
10/21/2014 11:12:50 AM| 2 Answers
Determine the solution set of (x + 1)2 = 25. {-8, 6} {-8, ...
Weegy: The answer is 77,520. There are 77,520 possible committees that can be formed.
10/21/2014 11:18:30 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2332 [Total 14707]| Ratings 0| Comments 2332| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1464 [Total 10945]| Ratings 3| Comments 1434| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 811 [Total 13040]| Ratings 0| Comments 811| Invitations 0|Offline
S
L
Points 487 [Total 1886]| Ratings 0| Comments 487| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
1
L
L
Points 476 [Total 6270]| Ratings 3| Comments 446| Invitations 0|Offline
S
Points 378 [Total 379]| Ratings 5| Comments 328| Invitations 0|Offline
S
Points 216 [Total 216]| Ratings 1| Comments 206| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.