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using the table in your handbook $6,000 for 6 years at 8 1/2% compounded daily will grow to:
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Asked 9/25/2012 9:25:43 PM
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using the table in your handbook $6,000 for 6 years at 8 1/2% compounded daily will grow to:
Original conversation
User:
using the table in your handbook $6,000 for 6 years at 8 1/2% compounded daily will grow to:
Weegy:
I do not have your book. Is there a link to it that I could see?
OxTornado007
|Points 5508|
User:
$6,000 for 6 years at 8 1/2% compounded daily will grow to
Weegy:
$6,000 for 6 years at 8 1/2% compounded daily will grow to $9,991.15.
Expert answered|
debnjerry
|Points 37617|
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Asked 9/25/2012 9:25:43 PM
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Questions asked by the same visitor
the rate used in the table for calculating compound interest is found by: A. annual rate x number of periods B. annual rate x number of times compounded per year C. annual rate divided by number of times compounded per year D. annual rate divided by semiannually E. none
Weegy:
c. Annual rate divided by number of times compounded per year
User:
the interest on $6,000 at 6 percent compounded semiannually for 8 years is:
Weegy:
he interest on $6,000 at 6 percent compounded semiannually for 8 years is $101760.
User:
the effective rate(APY) is: A.the normal rate B. the stated rate C. true semiannual rate D. true annual rate E. none
Weegy:
D. true annual rate. Annual percentage yield (APY): The effective, or true annual rate of return.
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Expert Answered
Asked 9/25/2012 9:15:30 PM
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