mediaz0529 mediaz0529

01-03-2021
Mathematics

contestada

Determine the INTEREST ONLY for $4,331.00 earning 5.5% for 4 years, compounded semi-annually.

Respuesta :

emilyjarvis04owbj60 emilyjarvis04owbj60

01-03-2021

4,331 times 8 (semiannual for 4 yrs) = 34,648
34,648 + 5.5% = 36,553.64

to find interest:
36,553.64 - 34,648 = 1,905.64

THE INTEREST RATE IS $1,905.64

Answer Link

Otras preguntas

please i give (brainlist) if you complete it and correct answers

If Kaci bought 28 pounds of cheese for $98, how much did she spend per pound?

Define Monroe doctrine in your own words

"The Lady of Shalott" contains elements of _____ to represent the imaginary medieval world Select all that apply a Female stereotype Arthurian legend Romanticis

Read this sentence from "Equal Justice Under Law': Thurgood Marshall." For example, while Marshall earned high grades in college, the all-white law school of th

what materials transmits the most light waves?

What is the value today of a $12,000 cash flow expected to be received seventeen years from now based on an annual interest rate of 7%? 0 $3,799 O $5,888 0 $4,7

Find the total surface area of this cubiod

Analyzes data about diseases and disorders

375 of the students at Haldane Elementary School walk to school. If thesestudents represent 75% of the student body, how many students are in thewhole student b