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August 22, 2014

August 22, 2014

Posted by **help w/ business** on Tuesday, February 1, 2011 at 3:28pm.

- Finance -
**helper**, Tuesday, February 1, 2011 at 3:59pmIs the interest compounded?

Compounded daily, quarterly, yearly, etc ?

- Finance -
**help w/ business**, Tuesday, February 1, 2011 at 4:07pmIt doesn't indicate

- Finance -
**helper**, Tuesday, February 1, 2011 at 4:56pm$5,000 @ 5% for 5 yrs

then 7% for 5 yrs

I = PRT

I = 5000(0.05)(5)

I = 250(5)

I = 1250.00

5000 + 1250.00 = 6250.00

I = PRT

I = 6250(0.07)(5)

I = 437.50(5)

I = 2187.50

6250.00 + 2187.50 = 8437.50

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