The rate used in the table for calculating compound interest is found by?

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:

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