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.

Expert answered|AngelInDisguise|Points 3196|

Expert answered|AngelInDisguise|Points 3196|

Expert answered|AngelInDisguise|Points 3196|

Expert answered|AngelInDisguise|Points 3196|

Expert answered|AngelInDisguise|Points 3196|

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Asked 1/4/2012 1:27:26 AM

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What is Accounting Management? **Weegy:** Thats another question. (More)

Accounting Management is the practical application of management techniques to control and report on the financial health of the organization.

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Updated 2/22/2015 12:01:45 PM

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Accounting Management is the practical application of management techniques to control and report on the financial health of the organization.

Added 2/22/2015 12:01:38 PM

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True or False: A statement of cash flows summarizes a company's cash receipts and cash payments over a period of time.

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Updated 152 days ago|9/22/2016 11:21:45 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.
**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.
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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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