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Fill in the following chart using 5% interest that is compounded annually. Compute the interest percent each year and calculate the ending balance each year
Fill in the following chart using 5% interest that is compounded annually. Compute the interest percent each year and calculate the ending balance each year and then the next year's beginning balance. Ending Balance 12/31 Beginning Balance 1/1 Interest Amount $3,000.00 Year 1 2 3 Fill in the following chart using interest that is compounded semiannually. Compute the interest percent each half year and calculate the ending balance each year and then the next year's beginning balance. The annual percentage rate is 12%. Rate First-Half Interest Amount Balance Beginning Balance $1,200.00 Second-Half Interest Amount Ending Balance Year 1 2
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