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- Title : Chapter 12 | Compound Interest | Interest compound interest worksheet answers in Kindergarten Worksheets category
- Filename : Kindergarten Worksheets-Chapter 12 | Compound Interest | Interest-compound interest worksheet answers
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- Category : Kindergarten Worksheets
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I borrow $37500 at an interest rate of 6% compounded semi annually and agree to repay the debt by level annual?
♥ I borrow $37500 at an interest rate of 6% compounded semi annually and agree to repay the debt by level annual instalments of $2250, the first due in 6 months. How many full payments must I make? What is the interest content of the 4th payment? What final payment should I make one month after the last full payment to discharge the debt?Calculating Compound Interest?
♥ First off I understand what P, i, and n represent I'll provide an example that is on my worksheet that I am doing for homework. I will also explain what I am struggling with. Example: Johnny invests $800 that pays 8% compounded quarterly for 5 years. How much is the investment worth at the end of the 5th year? Solution: P=800 i =0.08/4 (/ = divided) =0.02 n=4x5 = 20 A=P(1+i)n (the n is small and raised) < < < < A=800(1+0.02)20 (small and raised 20) < < < < A=$1188.76 < < < < Therefore the investment is now worth $1188.76 ($800 initially and $388.76 in interest. < < I'm struggling with this part I cant ask my teacher I'm off until Monday.. < < I don't understand what I'm suppose to do in the brackets and what the 20 means < < If you know and explain how they got the $1188.76 I'll rate your answer. Look for the < < < < that's where I am struggling. Thanks!Open Question: Compound Interest problem .please help?!?
♥ Cathy wants to have $27,000 in cash 4 years from now in order to pay for improvements that must be made to her small office at that time. If Cathy finds a savings account that pays annual interest of 3.6% compounded monthly, then how much should she invest right now in the account in order to have the funds in 4 years? (Round your answer to the nearest cent.) -I am just not getting the answer (I got 26678.4). -This is an online practice worksheet so the answer has to be exact. Please hel.
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