Click here to view the 3.5% compound interest table. Click here to view the 3.5% compound interest by quarters table On June 30, what is the balance in the account? (Round to the nearest cant as needed.) 3.5% Interest Compounded Daily by Quarter Table Interest by Quarter for 3% Compounded Daily Assuming 90-day Quarters Value of (1 Number of Quarters X 3.5% Interest Compounded Daily Table Number of Days E 1 2 3 4 5 6 7 8 0 Values of (1+1) for 3% Compounded Daily Value of (1+1) 1000095/90 19 1001823491 37 1000191790 20 1001919556 1.000287699 21 1002015631 39 1.000383617 22 1,002111714 40 10038-42797 1000479544 23 1002207807 41 LOC0575480 24 1002903909 42 1.000671426 25 1002400021 43 1000767381 36 44 27 LO02992274 45 1003939056 1.004035324 L0041 31602 Value of n it Value of (1+i) A 1003554076 1003650307 35 56 57 58 59 60 61 1.004227888 62 1004324184 63 - X
Click here to view the 3.5% compound interest table. Click here to view the 3.5% compound interest by quarters table On June 30, what is the balance in the account? (Round to the nearest cant as needed.) 3.5% Interest Compounded Daily by Quarter Table Interest by Quarter for 3% Compounded Daily Assuming 90-day Quarters Value of (1 Number of Quarters X 3.5% Interest Compounded Daily Table Number of Days E 1 2 3 4 5 6 7 8 0 Values of (1+1) for 3% Compounded Daily Value of (1+1) 1000095/90 19 1001823491 37 1000191790 20 1001919556 1.000287699 21 1002015631 39 1.000383617 22 1,002111714 40 10038-42797 1000479544 23 1002207807 41 LOC0575480 24 1002903909 42 1.000671426 25 1002400021 43 1000767381 36 44 27 LO02992274 45 1003939056 1.004035324 L0041 31602 Value of n it Value of (1+i) A 1003554076 1003650307 35 56 57 58 59 60 61 1.004227888 62 1004324184 63 - X
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:K
On April 1, Hilda made a $2680 deposit to open a savings account paying 3% compounded daily. She then deposited $200 on May 2 and $630 on May 25. Find the balance on June 30 and the interes
earned through that date.
Click here to view the 3.5% compound interest table.
Click here to view the 3.5% compound interest by quarters table
View
On June 30, what is the balance in the account?
S
(Round to the nearest cunt as needed.)
- X
3.5% Interest Compounded Daily by Quarter Table
1
Interest by Quarter for 3 % Compounded Daily
Assuming 90-day Quarters
Number of Quarters.
Value of (1+i)
1.008667067
1.017409251
1.026227205
1.035121505
3.5% Interest Compounded Daily Table
Number
R
1
2
3
4
5
6
7
8
9
10
11
12
13
Values of (1+1) for 3% Compounded Daily
Valec
of
Value
of
1.000095890 19
35
(1+1) It (1+i) A
1001823491 37 1.003554076
38 1003650307 56
1003746548 57
1000191790 20 1001919556
1.000287699 21 100201 5631
1.000383617 22 1.002111714
1003842797
1000479544 23 1002207807 41 1003939056 59
1000575480 24 1.002303909 42 1.004035324 60
1004131602
1.000671426 25 1002400021
1000767381 36 1.002496141
L000563345 27
44 1.004277888 62
1.004324184
46 1004420489 64
Vale
of
(1 + i)
n
1000959318 28 1002688410
AR3093945
8882227385
63
1000055300 29 1002784558 47 1004516803 65
1001151292 30 1002880716 48 1004613127 66
1001247293 31 1002976882 49 1.004709460
67
- X
ck answer
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