Wednesday

July 23, 2014

July 23, 2014

Posted by **Thara** on Thursday, July 30, 2009 at 5:33pm.

- compounded interest -
**MathMate**, Thursday, July 30, 2009 at 6:05pm5.3% annual rate compounded semi-annually is the same as

(1+.053/2)²

=1.05370

=5.370% compounded annually

compounded monthly (6 times for semi-annual),

(1+.053/2) = (1+r)^6

r=((1.0265)^{(1/6)}-1)*6

=5.242409%

- compounded interest -
**Mary**, Monday, January 16, 2012 at 8:23pm$10,000 deposited into savings account day Katie was born 18th birthday 6.5% compounded monthly how much in the account on 18th birthday

**Related Questions**

Compound Interest - A bank offers a rate of 5.3% compounded semi-annually on its...

math & finance - A bank offers a rate of 5.3% compounded semi-annually on its ...

Math! - A credit Union pays 8.25% comppunded annually on 5-year compound-...

Math - How to calculate this? 4 year term investment. The investment offers a ...

College Algebra - bank a is lending money at 5.7% interest compounded annually. ...

Mathematics - In the problems 1 to 3, find the present value of the given (...

MATHS - A SUM OF MONEY IS KEPT IN A BANK AT 8% INTEREST COMPOUNDED ANNUALLY.HAD ...

Compound interest - Hello My teacher skipped over this and I have no clue how to...

math(compunded interest ) - 6.how long will it take for a sum of money to ...

pre calculus - Which is worth more after 5 years, an investment of $1000 at 5% ...