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October 22, 2014

October 22, 2014

Posted by **Trish** on Thursday, July 4, 2013 at 9:23am.

- contemporary math -
**Ms. Sue**, Thursday, July 4, 2013 at 1:52pm - contemporary math -
**Tee**, Saturday, July 6, 2013 at 6:40pmInitial amount=$50000 rate=0.016 Number of years=5 Amount after 5 years compounded semiannually= 50000(1+0.016/2)^5*2 =50000(1.08)^10 [ =50000*2.16 =108000 Amount after 5 years compounded semiannually=$108000

- contemporary math -
**Anonymous**, Saturday, October 5, 2013 at 8:57amJulius deposited his money in a money market account paying 1.05% compounded monthly. How much total money will Juliushave after 5 years?

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