An account paying 3.2% interest compounded semiannually has a balance of $32,675.12. Determine the amount that can be withdrawn from the account semiannually for 5 years. Assume ordinary annuity and round to the nearest cent.
a.
$3,505.80
b.
$3,561.90
c.
$3,039.09
d.
$2,991.23
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An account paying 3.2% interest compounded semiannually has a balance of $32,675.12. Determine the amount that can be withdrawn from the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Eduardo puts $40 into his piggy bank and plans to add $5 each month. Write an equation to represent this.
Answers (1)
Derick studied 13 1/2 hours this week for a spelling bee. Write the number of hours as a decimal.
Answers (1)
2 (a-4) + 5 (6+1) = 8. 3 (a-1) - 2 (b-2) = - 11. Solve for x and y
Answers (1)
Find two positive real numbers with the given sum whose product is a maximum. The sum of the first and twice the second is 24
Answers (1)
Prove that every bounded increasing sequence is convergent
Answers (1)
New Questions in Mathematics
Which of the following represents "The sum of the abscissa and the ordinate is six"? x + y = 6 xy = 6 6xy
Answers (1)
Negative 1 3/5 divided by negative 2/3
Answers (2)
An angle whose measure is 40° is in standard position. In which quadrant does the terminal side of the angle fall?
Answers (1)
Find the product of 5,295 and 9
Answers (2)
How much is three shirts if you spend 26.79
Answers (1)