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An investment of $2148.52 earns interest at 4.6% per annum compounded semiannually for 2 years. At that time the interest rate is changed to 7.1%
An investment of $2148.52 earns interest at 4.6% per annum compounded semiannually for 2 years. At that time the interest rate is changed to 7.1% compounded quarterly. How much will the accumulated value be 4 years after the change? The accumulated value is $|:|. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Sheridan Service has a line of credit loan with the bank. The initial loan balance was $6000.00. Payments of $2000.00 and $2500.00 were made after three months and nine months respectively. At the end of one year, Sheridan Service borrowed an additional $3500.00. Eleven months later, the line of credit loan was converted into a collateral mortgage loan. What was the amount of the mortgage loan if the line of credit interest was 9% compounded monthly? (3 The amount of the loan is $|:|. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Find the future value of and the compound interest on $1000 invested at 4.7% compounded quarterly for parts (a) through (c). (a) 3.5 years (b) 9 years (c) 12 years What is the accumulated value of $600 invested for 10 years at 2.3% p.a. compounded (a) annually? {b)semiannually? (c) quarterly? (d) monthly? <:> (a) The accumulated value is $|:|. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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