If the total interest earned on an investment at 8.2% compounded semi-annually for 8½ years was $1,175.98, what was the original investment?
Correct Answer:
Verified
Q234: Calculate the combined equivalent value of the
Q235: If the total interest earned on an
Q236: Commercial Finance Co. buys conditional sale contracts
Q237: Calculate the combined equivalent value of the
Q238: Maria invested $1,200 at 3.25% compounded monthly.
Q240: Given a periodic interest rate of 0.9375%,
Q241: Calculate the maturity value of the five-year
Q242: A loan of $7,000 is to be
Q243: On February 1, 2004, Selma purchased a
Q244: At the same time as compound-interest Canada
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents