What is the dollar amount of interest

Reference no: EM131966101

Question: You deposit $400 in a bank in a 4-year time deposit. With a time deposit you cannot withdraw funds from the account until the end of the term. Interest in the account is compounded semiannually (m middot 2) at the annual nominal rate of 12%. In the final compounding interval, what is the dollar amount of interest that is earned from earlier interest (rather than off of the original principal)? In the final compounding Interval, what is the dollar amount of interest that is earned from earlier interest?

Reference no: EM131966101

Questions Cloud

Find application in dialysis practice : Discuss how Culture Care Diversity and Universality theory find application in dialysis practice.

Fostering ethical culture in an organization : What are the roles of leaders and other corporate governance entities in fostering ethical culture in an organization?

Write a research report on the business intelligence systems : Enterprise Resources Report Assignment. Write a research report, of 1600 words in length, on the business intelligence systems

How much money will be in the account after three years : Suppose you deposit $726 today, $523 in one year and $273 in two years in an account that pays the annual rate of interest of 19.00%.

What is the dollar amount of interest : You deposit $400 in a bank in a 4-year time deposit. With a time deposit you cannot withdraw funds from the account until the end of the term.

Store data in the format : Which would be the most appropriate for a phone number field that needs to store data in the format (123)555-7890? Explain your answer.

Perform an analysis of an environmental issue : Perform an analysis of an environmental issue. An explanation of how individuals, communities, and/or governments are working to address environmental issue.

Python 3 design a function perfect shuffle : Using python 3 design a function perfect_shuffle(a_list) which takes as argument a list and returns the perfect shuffle of the list. The function

Compute the number of bottles the restaurant should stock : Compute the number of bottles the restaurant should stock to have at most a 10% chance of running out over the next 50 days

User Account

All Pages