SOLUTION: If $5250 is invested at an annual interest rate of 6.5% for 30 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent

SOLUTION: If $5250 is invested at an annual interest rate of 6.5% for 30 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent

Algebra.Com

Question 1047871: If $5250 is invested at an annual interest rate of 6.5% for 30 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent. Assume a year is exactly 365 days.)

Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
"find the balance if the interest is compounded in the following basis"
Well, are you going to tell us on what basis or are you going to keep it a secret?
RELATED QUESTIONS
Find the balance (to the nearest cent) if 24, 000 is invested at an annual interest rate... (answered by stanbon)

find the balance if $15,000 is invested at an annual rate of 10% for 5 years, compounded... (answered by rfer)

Find the balance after 15 years if $37, 000 is invested at an annual interest rate of... (answered by LinnW)

find the balance (to the nearest cent) if $3680 is invested at an annual interest rate of (answered by stanbon)

Find the balance in an account after 5 years if $2000 is invested at 6% interest... (answered by KMST)

Find the balance if $12000 is invested at an annual rate of 8% for ten years, compounded... (answered by stanbon)

Find(i) the compound interest and (ii) the effective rate if $1000 is invested for five... (answered by Boreal)

find the balance in an account if $24000 is invested at an interest rate of 6.75% per... (answered by robertb)

A sum of $2000 is invested at an annual interest rate of 5%, compounded monthly. Find... (answered by rfer,addingup)