jazmin565 jazmin565

19-11-2021
Business

contestada

A sum of $6,500 deposited in an account grows to $8,000 in 9 years. Assuming annual compounding, what interest rate is being paid

Respuesta :

hunchomar314 hunchomar314

19-11-2021

Answer:

The interest rate would be 2.33%, bringing the total after 9 years to $8,000.06

Explanation:

The final balance would be $8,000.06 and a total compound interest of $1,500.06

Answer Link

Otras preguntas

Write 2/3 as a decimal rounded to 3 sighificant figures

A capacitor stores an energy of 8 Joules when there is a voltage of 51 volts across its terminals. A second identical capacitor of the same value is stores an e

Which service is provided by the government in the United States? o printing novels delivering mail o performing religious ceremonies o paying the salaries of j

Shelly is pessimistic about her future. Her disinterest for everything around her, together with worry and rumination, make it difficult for her to cope with ev

which type word tells what the subject is doing

The advantage of using the ________ method is that when there are multiple points of interest in several different walls, they can be displayed simultaneously i

Which of the following is the name of the process scientists use to gain knowledge about the physical world? A. Informed Consent B. Scientific Method C.Qualitat

Answer these questions about the right angle

Zabinski Co. paid $150,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values

Select the qualities that the Marine Corps Manual identifies as those leadership qualities that enable Marines to assume greater responsibility. Select all that