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Find the future value and interest earned if 8804.56 is invested for 8 years at 6% compounded semiannually

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解答

Findthefuturevalueandinterestearnedif8804.56isinvestedfor8yearsat6%compoundedsemiannually

解答

Interest:5324.17
求解步骤
Translate the problem into an equation:14128.73=8804.56+I
求解 I,14128.73=8804.56+I:I=5324.17
Interest:5324.17

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One of Krista’s classmates, Steven, has also been saving. His parents opened a compound interest account for him when he was a baby. They made an initial investment of 500 and the account had a 2.5% interest rate. How much more money does Steven have in his account than Krista has in her account, after 18 years?One number is three more than a second number. Four times the first is 2 less than 5 times the second. Find the numbers. Let x represent one number and y represent the second number.The quotient of a number x and nine is six.the different of a number x multiplied by itself and 65 is 109 is 24% of what number
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