Ask a New Question

Asked by nmh

At what annual nominal rate of interest will $6,900 earn $6,400 interest in five years?
14 years ago

Answers

Answered by Linda
9.5
9 years ago
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

What nominal annual rate of interest compounded yearly is required to double an investment in 13 yea... The annual nominal rate of interest on a bank certificate of deposit is 12%. What would be the effec... . The nominal interest rate on your account is 7%; your semi-annually effective rate of interest (AP... Find the nominal rate compunded semi anually that is equivalent to 5.2 compunded anually find the nominal rate of interest convertible quarterly which is equivalent to a nominal rate of dis... Find the annual rate, r that produces an effective annual yield of 6.3% when compounded continuosly.... What annual interest rate was charged on a 2-year loan of $6300 if the simple interest paid was $103... The annual interest rate on an investment is 8%. What is the quarterly rate? (a) 1% (b)12% (c) 16... For the annual rate of change of +70%, find the corresponding growth or decay factor. 0.70 1.70... The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to...
Submit Your Answer

Question

At what annual nominal rate of interest will $6,900 earn $6,400 interest in five years?

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use