Calculating semi-annual compounded interest
Problem:
If $4500 is deposited into an account paying 4.5% compounding semiannually, how much will you have in the account in 7 years? Round the answer to 2 decimal places.The amount in the account will be?
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If the tax rate for the 2 companies is 30%, what is the amount of annual tax savings for Company Y compared to Company X?
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If $4500 is deposited into an account paying 4.5% compounding semiannually, how much will you have in the account in 7 years?
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What is the present value of the interest tax shields from this debt?
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