Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $160,000, r = 7%, t = 4, compounded daily A = $211113.60 Need Help? Read It SUBMIT ANSWER ASK YOUR TEACHER PRACTICE ANOTHER --/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.005. Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.) (a) 8%/year compounded semiannually % (b) 9%/year compounded quarterly %
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $160,000, r = 7%, t = 4, compounded daily A = $211113.60 Need Help? Read It SUBMIT ANSWER ASK YOUR TEACHER PRACTICE ANOTHER --/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.005. Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.) (a) 8%/year compounded semiannually % (b) 9%/year compounded quarterly %
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
Related questions
Question
![Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $160,000, r = 7%, t = 4, compounded daily
A = $211113.60
Need Help? Read It
SUBMIT ANSWER
ASK YOUR TEACHER
PRACTICE ANOTHER
--/6.66 Points]
DETAILS
MY NOTES
TANAPCALC10 5.3.005.
Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.)
(a) 8%/year compounded semiannually
%
(b) 9%/year compounded quarterly
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0358b5fa-6a35-4918-bb57-f6ae9ca4088e%2F136eb002-81d7-414c-945a-22fe6cfe5bb5%2Fqnl2mc5_processed.png&w=3840&q=75)
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $160,000, r = 7%, t = 4, compounded daily
A = $211113.60
Need Help? Read It
SUBMIT ANSWER
ASK YOUR TEACHER
PRACTICE ANOTHER
--/6.66 Points]
DETAILS
MY NOTES
TANAPCALC10 5.3.005.
Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.)
(a) 8%/year compounded semiannually
%
(b) 9%/year compounded quarterly
%
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