Compound value = $amount divided by table factor. True False Compound value =$ amount divided by table factor. This is FALSE.
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Updated 1/22/2014 10:00:26 AM
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Compound value = $amount divided by table factor. This is FALSE. Added 1/22/2014 10:00:26 AM This answer has been confirmed as correct and helpful. Comments There are no comments. Add an answer or comment Log in or sign up first. Questions asked by the same visitor Annual means compounded once a year. true false Question Updated 8/31/2015 7:49:28 PM 1 Answer/Comment Annual means compounded once a year. TRUE. Added 8/31/2015 7:47:22 PM This answer has been confirmed as correct and helpful. Confirmed by Andrew. [8/31/2015 7:49:18 PM] Federal Reserve Banks as well as the Federal government like to calculate simple interest based on: Weegy: Simple interest is calculated only on the principal amount, [ or on that portion of the principal amount that remains unpaid.The amount of simple interest is calculated according to the following formula: I_{simp} = r \cdot B_0 \cdot m where r is the period interest rate (I/m), B0 the initial balance and m the number of time periods elapsed. ] (More) Question Updated 3/9/2014 12:15:40 AM 1 Answer/Comment Federal Reserve Banks as well as the Federal government like to calculate simple interest based on: EXACT INTEREST. Added 3/9/2014 12:15:39 AM This answer has been confirmed as correct and helpful. The amount the bank charges for use of money is called interest. True False Weegy: TRUE. The amount the bank charges for use of money is called interest. http://slater1.pageout.net/page.dyn/instructor/assessment/display_assessment?quiz_id=488661 (More) Question Updated 1/22/2014 10:02:41 AM 0 Answers/Comments Joyce took out a loan for$21,900 at 12 percent on March 18, 2007, which will be due on January 9, 2008. Using ordinary interest, Joyce will pay back on Jan. 9 a total amount:
Weegy: 21,900 x 0.12 x 297/365 = 2138.4. Add that to $21,900.00= 24 038.4. Answer is Joyce will pay back 24 038.4 (More) Question Updated 3/9/2014 12:17:04 AM 1 Answer/Comment Using ordinary interest, Joyce will pay back on Jan. 9 a total amount:$24,068.10

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