Mathematics, 18.09.2019 06:20 109077
If the interest is compounded semiannually, look up on the chart half the rate and twice the years. if the interest is compounded quarterly, look up one-fourth the rate and four times the years.
what is the total amount and the amount of interest earned on $6,500 at 6% for 25 years?
answer with total amount and then the interest amount
compounded annually:
compounded semiannually:
compounded quarterly:
Answers: 1
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If the interest is compounded semiannually, look up on the chart half the rate and twice the years....
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