SOLUTION: 1. How long will it take for 74,500 to accumulate to 101,000 if the interest rate is 10.5 % compounded quarterly? 2. Find the rate compounded semi-annually if 30,000 is the pres

Algebra ->  Test -> SOLUTION: 1. How long will it take for 74,500 to accumulate to 101,000 if the interest rate is 10.5 % compounded quarterly? 2. Find the rate compounded semi-annually if 30,000 is the pres      Log On


   

Question 1193408: 1. How long will it take for 74,500 to accumulate to 101,000 if the
interest rate is 10.5 % compounded quarterly?
2. Find the rate compounded semi-annually if 30,000 is the present value
of 55,000 due at the end of 4 years.
3. Find the effective rate equivalent to 9% compounded semi-annually.
Answer by ikleyn(52756) About Me  (Show Source):
You can put this solution on YOUR website!
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