Mathematics, 06.11.2020 06:20 something69
Compounding Interest Semiannually
Directions: Fill in the following chart by calculating interest compounded semiannually (twice a year). The annual interest rate is 8.25 percent. (Divide annual interest rate by 2)
4.125% = .04125
Year Beginning First-Half Subtotal Second-Half Ending Total Overall
Balance Interest Interest Balance Interest
1 1,000.00 __41.25___ 1,041.25_ _42.95 1,084.20 _84.20
2 _1,084.20_ __44.72___ 1,128.92_
3
4
5
Answers: 2
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Compounding Interest Semiannually
Directions: Fill in the following chart by calculating interest c...
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