Wednesday
August 20, 2014

Homework Help: Compounded Interest

Posted by Anonymous on Sunday, November 21, 2010 at 8:36pm.

) An investment of $37,000 was deposited in the bank. Interest was computed on a semiannual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - I have been staring at this problem forever, and cant seem to dig it up ...
Investment interest - Scenario: A client comes to you for investment advice on ...
Compound interest - Hello My teacher skipped over this and I have no clue how to...
Math - Lance Jackson deposited $5,000 at Basil Bank at 9% interest compounded ...
Can somebody answer this question????????????????? - Lance Jackson deposited $5,...
math/ compounded - Scenario: A client comes to you for investment advice on his...
Calculus Please help! - If 7000 dollars is invested in a bank account at an ...
Business Math - Alicia Eastman deposited $2,000 in a savings account at the ...
Business Math - Alicia Eastman deposited $2,000 in a savings account at the ...
Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...

Search
Members