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Use the compound interest able to solve the problems around answer to the nearest cent. 1-6 1)Valley savings interest P5% interest compounded quarterly on regular
Use the compound interest able to solve the problems around answer to the nearest cent. 1-6
Use the compound interest tables below to solve the problems, Round answers to the nearest cent. Amount of $1.00 Amount of $1.00 aL5% Compounded Daily, 365-Day Year Total Interest Rate per Period Day Amount Day Amount Interest Day Amount Periods 1.250% 1.375% 1.500% 21 1.00316 30 1.00452 80 1.01212 + 1 1.01250 1.01375 1.01500 22 1.00331 40 1.00604 90 1.01364 2 1.02516 1.02769 1.03023 23 1.00347 50 1.00755 100 1.01517 3 1.03797 1.04182 1.04568 24 1.00362 80 1.00907 120 1.01823 4 1.05095 1.05614 1.06136 25 1.00337 70 1.01059 140 1.02131 5 1.06408 1.07067 1.07728 6 1.07738 1.08539 1.09344 7 109085 1.10031 1.10984 1.10449 1.11544 1.12649 8 1. Valley Savings and Trust pays 5 percent interest compounded quarterly on regular savings accounts. Leland Davis deposited $2,000 in a regular sassags account and left it there for 1% years. He made no other deposits or withdrawals during the period. How much interest did his money earn? 2. Charles Johnson deposited $4,400 in a savings account eaming 6 percent interest compounded quarterly. If he makes no other deposits or otherawals, how much will his money earn in 2 years? 3. On January 4, Janelle Ruskinoff deposited $2.192.96 in a savings account that pays 5.5 percent interest compounded daily. How much will her money earn in 24 days? 4. Tak Murakami has a savings account at City Savings Bank. The account earns 5.5 percent interest compounded daily. On February 2, the amount in his account was $580. How much will be in the account in 40 days? 5. On October 1, Manda Loya deposited $1,120 in a savings account that pays 5.5 percent interest compounded daily. On October 22, how much interest had been eamed on the principal in her account? 6. You have a savings account at Federal Savings. The account earns 5.5 percent interest compounded daily. On March 6, you had $1,645.72 in your account. How much would be in the account on July 4 1)Valley savings interest P5% interest compounded quarterly on regular savings accounts. Leland Davis deposited $2000 in a regular savings account and left it there for one and a half years . he made no other deposits or withdrawals during this period. how much interest did his money earn?
2)Charles Johnson deposited $4400 in a savings account earning 6% interest compounded quarterly if he makes no other deposits or withdraws how much will his money earn in two years?
3) On January 4 Janelle Ruskinoff deposited $2192.06 in a savings account that pays 5.5% interest compounded daily how much will her money earn in 24 days?
4) Tak Murakami Has a savings account at city savings bank the account earns 5.5% interest compounded daily on February 2 the amount in his account was 580 how much will be in the account in 40 days?
5) On October 1 man the lawyer deposited $1120 in a savings account that pays 5.5% interest compounded daily on October 22, how much interest had been earned on the principal in her account?
6) you have a savings account at federal savings account earns 5.5% interest compounded daily on March 6, do you have $1645.72 in your account. How much will be in the account on July 4?
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