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Given the rate per compounding period, find r, the annual rate. 0.7% per month r= % (Round to three decimal places as needed.) If $700
Given the rate per compounding period, find r, the annual rate. 0.7% per month r= % (Round to three decimal places as needed.) If $700 is invested at 8% compounded (A) annually. (B) quarterly. (C) monthly what is the amount after 6 years? How much interest is earned? (A) If it is compounded annually, what is the amount? $ (Round to the nearest cent.) An investment company pays 3% compounded semiannually. You want to have $15,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? $(Round to the nearest cent.)
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