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Homework: Chapter 14 Section 2 Save Score: 0 of 1 pt 1 of 3 (0 complete) HW Score: 0%, 0 of 3 pts 14.2.11 A
Homework: Chapter 14 Section 2 Save Score: 0 of 1 pt 1 of 3 (0 complete) HW Score: 0%, 0 of 3 pts 14.2.11 A Question Help Find the compound amount for this certificate of deposit. Assume daily compounding. Amount Interest Time Compound Deposited Rate in Years Amount $9554.80 5% $ Click the icon to view the table for time deposits compounded daily. What is the compound amount? $(Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer Table for Time Deposits Compounded Daily 7% Compound Interest for Time Deposit Accounts Compounded Daily Number of Number of Years 3% Years 1.03045326 1.04080849 1.05126750 1.06183131 1.07250098 1.06183393 1.08328232 1.10516335 1.12748573 1.15025836 1.09417024 1.12748944 1.16182231 1.19719965 1.23365322 3 4 1.12749129 1.17350058 1.22138603 1.27122408 1.32309429 1.16182708 1.22138937 1.28400343 1.34982553 1.41901993 10 1.34984217 1.49179200 1.64866481 1.82202895 2.01361756 10 2 3 4 5 5 Print Done Homework: Chapter 14 Section 2 Save Score: 0 of 1 pt 2 of 3 (0 complete) HW Score: 0%, 0 of 3 pts 14.2.19 Question Help O On April 1, Hilda made a $3040 deposit to open a savings account paying 33% compounded daily. She then deposited $170 on May 12 and 5580 on May 25. Find the balance on June 30 and the interest earned through that date. Click here to view the 3.5% compound interest table. On June 30, what is the balance in the account? $(Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. 1 part remaining Clear All Check Answer - x i 3.5% Interest Compounded Daily Table Number of Days n n n n n 2 3 4 Value of (1 + i)" 1.000095890 1.000191790 1.000287699 1.000383617 1.000479544 1.000575480 1.000671426 1.000767381 1.000863345 1.000959318 1.001055300 Value of (1 + i)" 1.001823491 1.001919556 1.002015631 1.002111714 1.002207807 1.002303909 1.002400021 1.002496141 1.002592271 1.002688410 1.002784558 19 20 21 22 23 24 25 26 27 28 29 Value of (1 + i)" 1.003554076 1.003650307 1.003746548 1.003842797 1.003939056 1.004035324 1.004131602 1.004227888 1.004324184 1.004420489 1.004516803 37 38 39 40 41 42 43 44 45 46 47 Value of (1 + i)" 1.005287650 1.005384048 1.005480454 1.005576870 1.005673296 1.005769730 1.005866174 1.005962627 1.006059089 1.006155560 1.006252041 6 55 56 57 58 59 60 61 62 63 64 65 Value of (1 + i)" 1.007024219 1.007120783 1.007217357 1.007313939 1.007410531 1.007507132 1.007603742 1.007700362 1.007796990 1.007893628 1.007990276 73 74 75 76 77 78 79 80 81 82 83 7 8 9 10 11 Print Done
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