You deposit $13,000 in an account that pays 5.5% interest compounded quarterly. A. Find the future value after one year. B. Use the future value formula for simple interest to determine the effective annual yield. 1 Click the icon to view some finance formulas. ... A. The future value is $ (Round to the nearest cent as needed.)
You deposit $13,000 in an account that pays 5.5% interest compounded quarterly. A. Find the future value after one year. B. Use the future value formula for simple interest to determine the effective annual yield. 1 Click the icon to view some finance formulas. ... A. The future value is $ (Round to the nearest cent as needed.)
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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