Question 1201626: This is Business Math. Please use the financial calculator BAII Plus for this.
What is the rate of interest, compounded daily, at which payments made by Shannon Lowe of $335.00 made at the beginning of every six months accumulate to $8200.00 in eight years?
Your percentage answer needs to be correct to exactly 3 decimal places.
Interest rate=
Contribution=
Interest amount=
Answer by ikleyn(52798)   (Show Source):
You can put this solution on YOUR website! .
Why don't YOU use the financial calculator BAII Plus for this ?
Hello, this assignment has a goal to teach you to perform this kind of calculations using that special calculator.
It assumes, that you do this job on your own, after reading the relevant instructions on how to use the calculator.
So, it is expected (obviously), that you do it on your own from the beginning to the end.
If I will do it for you and instead of you, it will be ANTI-pedagogic from my side.
Hope, as a reasonable student, you are totally agree with me.
Glad to have so consistent vision with you.
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