Interest is compounded semianually

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Reference no: EM131591258

1) Interest is compounded semianually. Find the amount in the account and the interest earned after the given time. Start 2 By 3 Table 1st Row 1st Column Principal 2nd Column Rate of Interest 3rd Column Time 2nd Row 1st Column $ 5000 2nd Column 4 % 3rd Column 3 years EndTable Principal Rate of Interest Time $5000 4% 3 years The amount in the account is $ nothing. (Do not round until the final answer. Then round to the nearest cent as needed.) The interest earned is $ nothing. (Do not round until the final answer. Then round to the nearest cent as needed.)

2) Use the compound interest formula to compute the total amount accumulated and the interest earned. $5000 for 2 years at 7.5% compounded monthly. The total amount accumulated after 2 years is $ nothing. (Round to the nearest cent as needed.) The amount of interest earned is $ nothing. (Round to the nearest cent as needed.)

Reference no: EM131591258

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