A continuously compounded debt has generated 15% interest in 2 years. What is its APR?
A continuously compounded debt has generated 15% interest in 2 years. What is its APR?
a. $4,200 is invested with a 5.2 % APR compounded continuously. What is the value of the investment after 13 years? Preview b. $700 is invested with a 3.5% APR compounded continuously. What is the value of the investment after 13 years? Preview c. $2,100 is invested with a 4.6% APR compounded continuously. What is the value of the investment after 13 years? Preview Submit Question 1. Points possible: 3 Unlimited attempts. Message instructor about this question Post this question...
Suppose you invest $108 in a bank account, and five years later it has grown to $131.63. a. What APR did you receive, if the interest was compounded semiannually? b. What APR did you receive if the interest was compounded monthly?
$1000 would earn more interest at an APR of 5.5% compounded monthly than at an APR of 5.3% compounded continuously. True or False?
What effective interest rate per year, compounded continuously, is equivalent to a nominal rate of 15% per year? Express your answer as a %.
Consider an investment where $49,000 is invested for 15 years at 8% compounded continuously. How much will this investment be worth after 15 years? (Round your answer to the nearest cent.) What is the total amount earned in compound interest? (Round your answer to the nearest cent.)
(a) If Angela has $100 to invest at 2.5% interest per year compounded continuously. How long will it take for Angela's investment to double? If she invested $1,000, how will the doubling time change? (b) Suppose April has access to an investment that will pay 10% interest compounded continuously. Which is better to be given s1000 now and invest or be given 51325 after 3 years without investing? (c) A child's grandparents are considering buying an $80,000 face-value, zero-coupon bond...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
if $2000 is deposited into an account earning 8% interest compounded continuously, what is the value of the account after 5 years?
Michael has a credit card debt of $60,000 that has a 10% APR, compounded monthly. The minimum monthly payment only requires him to pay the interest on his debt. He receives an offer for a credit card with an APR of 9% compounded monthly. If he rolls over his debt onto this card and makes the same monthly payment as before, how long will it take him to pay off his credit card debt?
a credit card has a stated rate of 17.3%.What is the APR if interest is compounded daily?