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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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Asked 12/29/2011 8:03:09 PM
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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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Come up with your own example of compound interest.
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