anonymous
  • anonymous
find the interest rate paid if a deposit of 21,900.00 grows to 27,822.92 in 3 1/2 years with interest compounded semiannually round rate to nearest % and time to the nearest period
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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NotTim
  • NotTim
do you know the formula? Cause I think this is just plug and play
anonymous
  • anonymous
thats how it is in the book i have the calculater but dnt know how to put the numbers in right i think N=7 but thats all i got
slaaibak
  • slaaibak
A = P(1 + i(2) / 2)^7

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slaaibak
  • slaaibak
PV = 21 900.00 FV = 27 822.92 N = 7
NotTim
  • NotTim
yup. just basic algebra here!
anonymous
  • anonymous
but what is pmt
NotTim
  • NotTim
pmt?
anonymous
  • anonymous
what is I%
anonymous
  • anonymous
27??
slaaibak
  • slaaibak
pmt = payment = 0
slaaibak
  • slaaibak
payments refer to annuities. This is a regular PV-FV question, so there are no payments. Which calculator do you have? HP12c or HP 10B2?
anonymous
  • anonymous
TI 84
slaaibak
  • slaaibak
Ah, unfortunately I've never worked on a ti calculator, so won't be able to help with calculator related problems.

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