Monthly payments of $500 with an annual interest rate of 6% compounded monthly. Monthly payments of $1000 with an annual interest rate of 6% compounded monthly. Fill in chart.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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Monthly payments of $500 with an annual interest rate of 6% compounded monthly.

Monthly payments of $1000 with an annual interest rate of 6% compounded monthly.

Fill in chart.

$1000
Present Value
Payment Amount
Future Value
Annual Interest Rate
Periods (number of
payments)
Compounding
Calculate Total Interest
paid:
32,000
-$1000
0
Monthly
Transcribed Image Text:$1000 Present Value Payment Amount Future Value Annual Interest Rate Periods (number of payments) Compounding Calculate Total Interest paid: 32,000 -$1000 0 Monthly
$500
Present Value
Payment Amount
Future Value
Annual Interest rate
Periods (number of
payments)
Compounding
Calculate Total Interest
paid:
32,000
-$500
0
Monthly
Transcribed Image Text:$500 Present Value Payment Amount Future Value Annual Interest rate Periods (number of payments) Compounding Calculate Total Interest paid: 32,000 -$500 0 Monthly
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